Pharos Energy PLC DIRECTORS/PDMR SHAREHOLDINGS (7638X)
28 Avril 2023 - 8:30AM
UK Regulatory
TIDMPHAR
RNS Number : 7638X
Pharos Energy PLC
28 April 2023
28 April 2023
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 2023 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
GBP0.05 each ("Shares") at a purchase price of GBP0.229899 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 Total number % of Company's
purchased of Shares held Issued Capital
following purchase (excluding treasury
shares)
Jann Brown 28,479 1,951,751 0.453%
================= ==================== =====================
Sue Rivett 4,241 97,700 0.023%
================= ==================== =====================
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.
Details of the person discharging managerial responsibilities
1
a) Name JANN BROWN
============================= ==================================
Reason for the notification
2
=================================================================
a) Position/status Chief Executive Officer
============================= ==================================
b) Initial notification Initial notification
/Amendment
============================= ==================================
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
=================================================================
a) Name PHAROS ENERGY PLC
============================= ==================================
b) LEI 549300DDKLXYLLO4N524
============================= ==================================
Details of the transaction(s): section to be repeated for (i)
4 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)
GBP0.229899 28,479
==========
============================= ==================================
d) Aggregated information
* Aggregated volume 28,479
GBP6,547.29
* Price
============================= ==================================
e) Date of the transaction 27/04/23
============================= ==================================
f) Place of the transaction X-LON
============================= ==================================
Details of the person discharging managerial responsibilities
1
a) Name SUE RIVETT
============================= ==================================
Reason for the notification
2
=================================================================
a) Position/status Chief Financial Officer
============================= ==================================
b) Initial notification Initial notification
/Amendment
============================= ==================================
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
=================================================================
a) Name PHAROS ENERGY PLC
============================= ==================================
b) LEI 549300DDKLXYLLO4N524
============================= ==================================
Details of the transaction(s): section to be repeated for (i)
4 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)
GBP0.229899 4,241
==========
============================= ==================================
d) Aggregated information
* Aggregated volume 4,241
GBP975.00
* Price
============================= ==================================
e) Date of the transaction 27/04/23
============================= ==================================
f) Place of the transaction X-LON
============================= ==================================
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