Phoenix Global Resources PLC Director/PDMR Shareholding (7392H)

TIDMPGR

RNS Number : 7392H

Phoenix Global Resources PLC

05 August 2021

5 August 2021

Phoenix Global Resources plc

("Phoenix" or the "Company")

Notification of a Transaction by a PDMR

Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company, was notified today that Sir Michael Rake as part of his personal financial planning sold 760,000 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 4.5 pence per share and repurchased 760,000 Ordinary Shares at a price of 4.505 pence per share for his pension account on 4 August 2021.

There is no change in the beneficial ownership as a result of these transactions and Sir Michael Rake's interests in the number of Ordinary Shares remains unchanged.

 
1     Details of the person discharging managerial responsibilities/person closely associated 
a)    Name                                                           Sir Michael Rake 
2     Reason for the notification 
a)    Position/status                                                Chairman 
b)    Initial notification/Amendment                                 This is an initial notification. 
3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
a)    Name                                                           Phoenix Global Resources plc 
b)    LEI                                                            213800KGHZ6DKGJNNT92 
4     Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
a)    Description of the financial instrument, type of instrument    Ordinary Shares of 10p each 
      Identification code                                            GB00B7LHJ340 
b)    Nature of the transaction                                      Share sale 
c)    Price(s) and volume(s)                                           Price        Volume 
                                                                        GBP0.045   760,000 
d)    Aggregated information                                           Price    Volume 
                                                                      -------  -------- 
                                                                        N/A      N/A 
e)    Date of the transaction                                       4 August 2021 
f)    Place of the transaction                                      London Stock Exchange, AIM 
 
 
1     Details of the person discharging managerial responsibilities/person closely associated 
a)    Name                                                           Sir Michael Rake 
2     Reason for the notification 
a)    Position/status                                                Chairman 
b)    Initial notification/Amendment                                 This is an initial notification. 
3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
a)    Name                                                           Phoenix Global Resources plc 
b)    LEI                                                            213800KGHZ6DKGJNNT92 
4     Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
a)    Description of the financial instrument, type of instrument    Ordinary Shares of 10p each 
      Identification code                                            GB00B7LHJ340 
b)    Nature of the transaction                                      Share purchase 
c)    Price(s) and volume(s)                                           Price          Volume 
                                                                        GBP0.04505   760,000 
d)    Aggregated information                                           Price    Volume 
                                                                      -------  -------- 
                                                                        N/A      N/A 
e)    Date of the transaction                                       4 August 2021 
f)    Place of the transaction                                      London Stock Exchange, AIM

Ends

For further information, please contact:

 
Phoenix Global Resources plc  Nigel Duxbury     T: +44 20 3912 2800 
Shore Capital                 Toby Gibbs        T: +44 20 7408 4090 
 Nominated Adviser and Joint   David Coaten 
 Broker 
 
  Panmure Gordon                John Prior        T: +44 20 7886 2500 
  Joint Broker                  Atholl Tweedie

About Phoenix

Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on both the London Stock Exchange (AIM: PGR) and the Buenos Aires Stock Exchange (BCBA: PGR) and offers its investors an opportunity to invest directly into Argentina's Vaca Muerta shale formation and other unconventional resources. The Company has over 0.9 million licenced working interest acres in Argentina (of which approximately 0.7 million are operated), 18.8 million boe of working interest 2P reserves and average working interest production of 4,549 boepd in 2020. Phoenix has signi cant exposure to the unconventional opportunity in Argentina through its approximately 0.6 million working interest acres with Vaca Muerta and other unconventional potential.

The Company's website is www.phoenixglobalresources.com

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END

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