Phoenix Global Resources PLC Long-term Incentive Awards (2531W)
December 21 2021 - 2:00AM
UK Regulatory
TIDMPGR
RNS Number : 2531W
Phoenix Global Resources PLC
21 December 2021
21 December 2021
Phoenix Global Resources plc
("Phoenix" or the "Company")
Long-term Incentive Awards
The Board of Phoenix (AIM:PGR; BCBA:PGR) announces that it has
made a grant of share awards to certain persons discharging
managerial responsibilities.
These awards represent the third grant of long-term incentive
awards made under the Long Term Incentive Plan adopted on 10 August
2017 ("LTIP") and made by the Company further to the announcement
of the Company's interim results for the six-month period ending 30
June 2021.
The awards have been granted as nil-cost conditional awards,
over a total of 13,688,113 ordinary shares representing
approximately 0.49% of the Company's issued share capital and are
subject to performance conditions based on the Company's
performance and a vesting period of three years followed by an
additional post-vesting holding period of a further two years
(subject to the rules of the LTIP). The awards are also subject to
claw-back and malus provisions.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Pablo Bizzotto
2 Reason for the notification
a) Position/status Chief Executive Officer, Phoenix Global Resources plc
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 Award over Ordinary Shares of 10p each
instrument
Identification code Award over Ordinary Shares with identification code
GB00B7LHJ340
b) Nature of the transaction Grant of an award over Ordinary Shares
c) Price(s) and volume(s) Price Volume
Nil 4,641,304
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 16 December 2021
f) Place of the transaction Outside a Trading Venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Nigel Duxbury
2 Reason for the notification
a) Position/status Chief Financial Officer and Company Secretary, Phoenix
Global Resources plc
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 Award over Ordinary Shares of 10p each
instrument
Identification code Award over Ordinary Shares with identification code
GB00B7LHJ340
b) Nature of the transaction Grant of an award over Ordinary Shares
c) Price(s) and volume(s) Price Volume
Nil 4,280,555
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 16 December 2021
f) Place of the transaction Outside a Trading Venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Cristian Espina
2 Reason for the notification
a) Position/status Chief Operating Officer, Phoenix Global Resources plc
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 Award over Ordinary Shares of 10p each
instrument
Identification code Award over Ordinary Shares with identification code
GB00B7LHJ340
b) Nature of the transaction Grant of an award over Ordinary Shares
c) Price(s) and volume(s) Price Volume
Nil 2,670,019
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 16 December 2021
f) Place of the transaction Outside a Trading Venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Pablo Arias
2 Reason for the notification
a) Position/status Business Development Manager, Phoenix Global Resources
Operating LLC
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 Award over Ordinary Shares of 10p each
instrument
Identification code Award over Ordinary Shares with identification code
GB00B7LHJ340
b) Nature of the transaction Grant of an award over Ordinary Shares
c) Price(s) and volume(s) Price Volume
Nil 2,096,235
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 16 December 2021
f) Place of the transaction Outside a Trading Venue
Ends
For further information, please contact:
Phoenix Global Resources plc Pablo Bizzotto T: +54 11 5258 7500
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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