President Energy PLC Director/PDMR Shareholding (9316S)
28 June 2018 - 9:35PM
UK Regulatory
TIDMPPC
RNS Number : 9316S
President Energy PLC
28 June 2018
28 June 2018
PRESIDENT ENERGY PLC
("President" or "the Company")
Director/PDMR Shareholding
President Energy (AIM: PPC), the upstream oil and gas company
with a diverse portfolio of production and exploration assets
focused primarily in Argentina, announces that Alexander
Moody-Stuart, Non-Executive Director purchased yesterday a total of
100,000 ordinary shares of 1p each in the capital of the Company
("Ordinary Shares").
Following this purchase, Mr Moody-Stuart has an interest in
100,000 Ordinary Shares representing 0.009 per cent. of the
Company's issued share capital.
1. Details of the person discharging managerial
responsibilities/person closely associated
----- --------------------------------------------------------------
(a) Name Mr Alexander Moody-Stuart
----- ---------------------------- --------------------------------
2. Reason for the notification
----- --------------------------------------------------------------
(a) Position/status Non-Executive Director
----- ---------------------------- --------------------------------
(b) Initial notification/ Initial notification
Amendment
----- ---------------------------- --------------------------------
3. Details of the issuer
----- --------------------------------------------------------------
(a) Name President Energy plc
----- ---------------------------- --------------------------------
(b) LEI 213800MA2ZN22I4ITA79
----- ---------------------------- --------------------------------
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 President Energy plc Ordinary
of the Financial Shares of 1p each
Instrument
----- ---------------------------- --------------------------------
(b) Identification ISIN: GB00B3DDP128
code of the
Financial Instrument
----- ---------------------------- --------------------------------
(c) Nature of the Acquisition
transaction
----- ---------------------------- --------------------------------
(d) Price(s) and Price(s) Volume(s)
volume(s)
--------------- ---------------
100,000 9.375p
--------------- ---------------
(e) Aggregated information
* Aggregated volume * 100,000
- Price
* 9.375p
----- ---------------------------- --------------------------------
(f) Date of the 28 June 2018
transaction
----- ---------------------------- --------------------------------
(g) Place of the London Stock Exchange, AIM
transaction Market (XLON)
----- ---------------------------- --------------------------------
Contact:
President Energy PLC
Peter Levine, Chairman, Chief
Executive
Rob Shepherd, Group FD +44 (0) 207 016 7950
finnCap (Nominated Advisor
& Joint Broker)
Christopher Raggett, Scott
Mathieson, Andrew Burdis +44 (0) 207 220 0573
BMO Capital Markets (Joint
Broker)
Jeremy Low, Neil Haycock, +44 (0) 207 236
Tom Rider 1010
Camarco Financial PR
Billy Clegg, Owen Roberts,
Violet Wilson +44 (0) 203 757 4980
Notes to Editors
President Energy is an oil and gas company listed on the AIM
market of the London Stock Exchange (PPC.L) primarily focused in
Argentina, with a diverse portfolio of operated onshore producing
and exploration assets. The Company currently has independently
assessed 1P reserves in excess of 15 MMboe and 2P reserves of more
than 27 MMboe.
The Company has operated interests in the Puesto Flores and
Estancia Vieja Concession, Rio Negro Province, in the Neuquén Basin
of Argentina and in the Puesto Guardian Concession, in the Noroeste
Basin in NW Argentina. The Company is focused on growing production
in the near term in Argentina. Alongside this, President Energy has
cash generative production assets in Louisiana, USA and further
significant exploration and development opportunities through its
acreage in Paraguay and Argentina.
President Energy's third largest shareholder is the IFC, part of
the World Bank Group and is actively pursuing value accretive
acquisitions of high quality production and development assets in
Argentina capable of delivering positive cash flows and shareholder
returns. With a strong institutional base of support and an
in-country management team, President Energy gives UK investors
rare access to the Argentinian growth story combined with world
class standards of corporate governance, environmental and social
responsibility.
This announcement contains inside information for the purposes
of article 7 of Regulation 596/2014
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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