REG - Pharos Energy PLC - Directors/PDMR Shareholdings

Pharos EnergyAnnouncement

29/10/2024 07:30

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RNS Number : 9380J  Pharos Energy PLC  29 October 2024

 

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 28 October 2024 that, on the same day, Katherine
Roe, the Chief Executive Officer and Sue Rivett, the Chief Financial Officer,
purchased Pharos Energy plc ordinary shares of £0.05 each ("Shares") at a
purchase price of £0.23 per Share. The Shares were purchased on the open
market pursuant to trading plans entered into by the Directors on 26 September
2024 and 19 April 2022 respectively.

 

 Director                                Number of Shares purchased  Total number of Shares held following purchase  % of Company's Issued Capital (excluding treasury shares)
 Katherine Roe, Chief Executive Officer  6,403                       12,359                                          0.003%
 Sue Rivett, Chief Financial Officer     4,240                       910,083                                         0.219%

 

For further information, please contact:

Pharos Energy plc
 
Tel: 0207 603 1515

Tony Hunter, Company Secretary

Notes to editors

Pharos Energy plc is an independent oil and gas exploration and production
company with a focus on sustainable growth and returns to stakeholders, which
is listed on the London Stock Exchange. Pharos has production, development
and/or exploration interests in Egypt and Vietnam. In Egypt, Pharos holds a
45% working interest share in the El Fayum Concession in the Western Desert,
with IPR Lake Qarun, part of the international integrated energy business IPR
Energy Group, holding the remaining 55% working interest. The El Fayum
Concession produces oil from 10 fields and is located 80 km southwest of
Cairo. It is operated by Petrosilah, a 50/50 joint stock company between the
contractor parties (being IPR Lake Qarun and Pharos) and the Egyptian General
Petroleum Corporation (EGPC). Pharos also holds a 45% working interest share
in the North Beni Suef (NBS) Concession in Egypt, which is located immediately
south of the El Fayum Concession. The first development lease on the NBS
Concession was awarded in September 2023 and production started in December
2023. IPR Lake Qarun operates and holds the remaining 55% working interest in
the NBS Concession. In Vietnam, Pharos has a 30.5% working interest in Block
16-1 which contains 97% of the Te Giac Trang (TGT) field and is operated by
the Hoang Long Joint Operating Company. Pharos' unitised interest in the TGT
field is 29.7%. Pharos also has a 25% working interest in the Ca Ngu Vang
(CNV) field located in Block 9-2, which is operated by the Hoan Vu Joint
Operating Company. Blocks 16-1 and 9-2 are 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.

 

 1    Details of the person discharging managerial responsibilities

 a)   Name                                                         KATHERINE ROE
 2    Reason for the notification
 a)   Position/status                                              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                                                         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 financial instrument, type of instrument  ORDINARY SHARES OF £0.05 EACH

      Identification code

                                                                   GB00B572ZV91
 b)   Nature of the transaction                                    Acquisition of Shares

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            £0.23     6,403

 d)   Aggregated information

      -       Aggregated volume                                    6,403

      -       Price                                                £1,472.69

 e)   Date of the transaction                                      28/10/24

 f)   Place of the transaction                                     X-LON

d)

 

Aggregated information

 

-       Aggregated volume

 

-       Price

 

 

 

6,403

 

£1,472.69

e)

 

Date of the transaction

 

28/10/24

f)

 

Place of the transaction

 

X-LON

 

 1    Details of the person discharging managerial responsibilities

 a)   Name                                                         SUE RIVETT
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer

 b)   Initial notification /Amendment                              Initial notification
 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 financial instrument, type of instrument  ORDINARY SHARES OF £0.05 EACH

      Identification code

                                                                   GB00B572ZV91
 b)   Nature of the transaction                                    Acquisition of Shares

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            £0.23     4,240

 d)   Aggregated information

      -       Aggregated volume                                    4,240

      -       Price                                                £975.20

 e)   Date of the transaction                                      28/10/24

 f)   Place of the transaction                                     X-LON

d)

 

Aggregated information

 

-       Aggregated volume

 

-       Price

 

 

 

 

4,240

 

£975.20

e)

 

Date of the transaction

 

28/10/24

f)

 

Place of the transaction

X-LON

 

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