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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December 21, 2021 02:00 ET (07:00 GMT)

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