TIDMPHAR
RNS Number : 5651K
Pharos Energy PLC
23 April 2020
Pharos Energy plc
("Pharos" or the "Company" or, together with its subsidiaries,
the "Group")
DIRECTORS/PDMR SHAREHOLDINGS
Share Purchases by Directors
The Company was notified on 22 April 2020 that, on the same day,
John Martin, Non-Executive Chair, Ed Story, Chief Executive
Officer, Jann Brown, the Managing Director and Chief Financial
Officer and Dr Mike Watts, Managing Director, purchased Pharos
Energy plc ordinary shares of GBP0.05 each ("Shares") in the
Company as set out in the table below. The Shares were purchased on
the open market.
Director Number of Price per Total number % of Company's
Shares purchased Share of Shares Issued Capital
held following (excluding
purchase treasury shares)
John Martin 100,000 GBP0.1498 130,000 0.033%
================== ========== ================ ==================
Ed Story 100,000 GBP0.1590 14,173,747(1) 3.560%
================== ========== ================ ==================
Jann Brown 75,000 GBP0.1490 493,801 0.124%
================== ========== ================ ==================
Dr Mike Watts 75,000 GBP0.1490 627,195 0.158%
================== ========== ================ ==================
1 * 12,498,747 Shares (3.14%) are held personally by E Story.
1,675,000 Shares (0.42%) are held through The Story Family Trust, a
closely associated person to Ed Story.
For further information, please contact:
Pharos Energy plc Tel: + 44 207 603 1515
Tony Hunter, Company Secretary
Notes to editors
Pharos Energy is an independent oil and gas exploration and
production company with a focus on sustainable growth and returns
to stakeholders, headquartered in London and listed on the London
Stock Exchange.
Pharos has production, development and exploration interests in
Egypt, Israel and Vietnam.
In Egypt, Pharos holds a 100% working interest in the El Fayum
oil concession in the low-cost and highly prolific Western Desert,
one of Egypt's most established and prolific hydrocarbon basins.
The concession produces from 10 fields and is located 80 km south
west of Cairo and close to local energy infrastructure. It is
operated by Petrosilah a 50/50 JV between Pharos and Egyptian
General Petroleum Corporation (EGPC). Pharos is also an operator
with 100% working interest in the North Beni Suef (NBS) Concession
which is located immediately south of the El Fayum concession.
In Israel, Pharos together with Cairn Energy plc and Israel's
Ratio Oil Exploration, were successful in their bid for eight
blocks in the second offshore bid round in Israel. Each party has
an equal working interest and Cairn is the operator.
In Vietnam, Pharos holds a 30.5% working interest in the Te Giac
Trang (TGT) Field in Block 16-1, which is operated by the Hoang
Long Joint Operating Company. Block 16-1 is located in the shallow
water Cuu Long Basin, offshore southern Vietnam and a 25% working
interest in the Ca Ngu Vang (CVN) Field in Block 9-2, which is
operated by the Hoan Vu Joint Operating Company. Block 9-2 is
located in the shallow water Cuu Long Basin, offshore southern
Vietnam. Pharos also holds a 70% interest in and is designated
operator of Blocks 125 & 126, located in the moderate to deep
water Phu Khanh Basin, north east of the Cuu Long Basin, offshore
central Vietnam.
Details of the person discharging managerial responsibilities
Name JOHN MARTIN
===================================
Reason for the notification
Position/status Non-Executive Chair
===================================
Initial notification /Amendment Initial notification
===================================
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Name PHAROS ENERGY PLC
===================================
LEI 549300DDKLXYLLO4N524
===================================
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
Description of the financial ORDINARY SHARES OF GBP0.05 EACH
instrument, type of instrument
Identification code GB00B572ZV91
===================================
Nature of the transaction Acquisition of shares.
===================================
Price(s) and volume(s) Price(s) Volume(s)
GBP0.1498 100,000
==========
===================================
Aggregated information
- Aggregated volume 100,000
- Price GBP14,980
===================================
Date of the transaction 22/04/2020
===================================
Place of the transaction London Stock Exchange, XLON
===================================
1 Details of the person discharging managerial responsibilities
a) Name ED STORY
================================ =======================================
2 Reason for the notification
=========================================================================
a) Position/status Chief Executive Officer
================================ =======================================
b) Initial notification Initial notification
/Amendment
================================ =======================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=========================================================================
a) Name PHAROS ENERGY PLC
================================ =======================================
b) LEI 549300DDKLXYLLO4N524
================================ =======================================
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 ORDINARY SHARES OF GBP0.05 EACH
financial instrument,
type of instrument
GB00B572ZV91
Identification code
================================ =======================================
b) Nature of the transaction Acquisition of shares.
================================ =======================================
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.1590 100,000
==========
================================ =======================================
d) Aggregated information
- Aggregated volume 100,000
- Price GBP15,900
================================ =======================================
e) Date of the transaction 22/04/2020
================================ =======================================
f) Place of the transaction London Stock Exchange, XLON
================================ =======================================
1 Details of the person discharging managerial responsibilities
a) Name JANN BROWN
========================== ==============================================
2 Reason for the notification
==========================================================================
a) Position/status Managing Director and Chief Financial Officer
========================== ==============================================
b) Initial notification Initial notification
/Amendment
========================== ==============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
==========================================================================
a) Name PHAROS ENERGY PLC
========================== ==============================================
b) LEI 549300DDKLXYLLO4N524
========================== ==============================================
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 ORDINARY SHARES OF GBP0.05 EACH
financial instrument,
type of instrument
GB00B572ZV91
Identification code
========================== ==============================================
b) Nature of the transaction Acquisition of shares.
========================== ==============================================
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.149 75,000
==========
========================== ==============================================
d) Aggregated information
- Aggregated volume 75,000
- Price GBP11,175
========================== ==============================================
e) Date of the transaction 22/04/2020
========================== ==============================================
f) Place of the transaction London Stock Exchange, XLON
========================== ==============================================
1 Details of the person discharging managerial responsibilities
a) Name MIKE WATTS
================================ =======================================
2 Reason for the notification
=========================================================================
a) Position/status Managing Director
================================ =======================================
b) Initial notification Initial notification
/Amendment
================================ =======================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=========================================================================
a) Name PHAROS ENERGY PLC
================================ =======================================
b) LEI 549300DDKLXYLLO4N524
================================ =======================================
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 ORDINARY SHARES OF GBP0.05 EACH
financial instrument,
type of instrument
GB00B572ZV91
Identification code
================================ =======================================
b) Nature of the transaction Acquisition of shares.
================================ =======================================
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.149 75,000
==========
================================ =======================================
d) Aggregated information
- Aggregated volume 75,000
- Price GBP11,175
================================ =======================================
e) Date of the transaction 22/04/2020
================================ =======================================
f) Place of the transaction 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
DSHSEIFWEESSEEL
(END) Dow Jones Newswires
April 23, 2020 02:00 ET (06:00 GMT)
Soco (LSE:SIA)
Historical Stock Chart
From Apr 2024 to May 2024
Soco (LSE:SIA)
Historical Stock Chart
From May 2023 to May 2024