President Energy PLC PDMR Shareholding (3835C)
08 February 2020 - 1:19AM
UK Regulatory
TIDMPPC
RNS Number : 3835C
President Energy PLC
07 February 2020
7 February 2020
PRESIDENT ENERGY PLC
("President" or the "Company")
PDMR Shareholding
President Energy (AIM: PPC), the upstream oil and gas company
with a diverse portfolio of production and exploration assets
focused primarily South America, announces that, further to the
Loan Conversion announced on 20 January 2020 and the participation
of Peter Levine, Chairman and Chief Executive Officer, in said Loan
Conversion, certain notifications for accordance with the
requirements of the EU Market Abuse Regulation are required.
The notification is set out in the Appendix to this
announcement.
Contact:
President Energy PLC
Peter Levine, Chairman
Rob Shepherd, Group FD +44 (0) 207 016 7950
finnCap (Nominated Advisor)
Christopher Raggett, Scott Mathieson +44 (0) 207 220 0500
Whitman Howard (Broker)
Hugh Rich, Grant Barker +44 (0) 207 659 1234
Tavistock (Financial PR)
Nick Elwes, Simon Hudson +44 (0) 207 920 3150
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 has operated interests in Puesto Flores, Estancia
Vieja, Puesto Prado, Angostura and Las Bases, Rio Negro Province
and in the Puesto Guardian Concession, in the Noroeste Basin in NW
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.
The Group is also 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, including the IFC,
part of the World Bank Group, an in-country management team as well
as a Board whose interests are aligned to those of its
shareholders, 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
Capitalised terms not otherwise defined in this announcement
shall have the same meaning ascribed to such terms in the circular
sent to shareholders on 22 January 2020 unless the context requires
otherwise.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Peter Levine
-------------------------------------- -------------------------------
b) Name of Person Closely Associated: PLLG Investments Limited
-------------------------------------- -------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Chairman and Chief Executive
Officer
-------------------------------------- -------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------------- -------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
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 of the financial Ordinary Shares of 1p each
instrument, type of instrument: ISIN: GB00B3DDP128
Identification code:
-------------------------------------- -------------------------------
b) Nature of the transaction: Loan Conversion Shares
-------------------------------------- -------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
4.04 pence 37,048,915
-----------
-------------------------------------- -------------------------------
d) Aggregated information: Single transaction as in
* Aggregated volume: 4 c) above
* Price:
-------------------------------------- -------------------------------
e) Date of the transaction: 06 February 2020
-------------------------------------- -------------------------------
f) Place of the transaction: AIM, London Stock Exchange
(XLON)
-------------------------------------- -------------------------------
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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