For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240328:nRSb6033Ia&default-theme=true
RNS Number : 6033I Pharos Energy PLC 28 March 2024
28 March 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 27 March 2024 that, on the same day, Jann Brown,
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 £0.21164 per Share. The Shares were purchased on the open
market pursuant to trading plans entered into by each Director on 19 April
2022.
Director Number of Shares purchased Total number of Shares held following purchase % of Company's Issued Capital (excluding treasury shares)
Jann Brown 30,936 2,277,737 0.541%
Sue Rivett 4,607 287,916 0.068%
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. 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 JANN BROWN
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)
£0.21164 30,936
d) Aggregated information
- Aggregated volume 30,936
- Price £6,547.30
e) Date of the transaction 27/03/24
f) Place of the transaction X-LON
d)
Aggregated information
- Aggregated volume
- Price
30,936
£6,547.30
e)
Date of the transaction
27/03/24
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)
£0.21164 4,607
d) Aggregated information
- Aggregated volume 4,607
- Price £975.03
e) Date of the transaction 27/03/24
f) Place of the transaction X-LON
d)
Aggregated information
- Aggregated volume
- Price
4,607
£975.03
e)
Date of the transaction
27/03/24
f)
Place of the transaction
X-LON
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 (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHFDLLLZXLBBBF