Last checked at 30 May 2022 07:30
30 May 2022
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 May 2022 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 £0.258 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 | 25,423 | 1,586,728 | 0.358% |
Sue Rivett | 3,787 | 9,227 | 0.002% |
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, Vietnam and Israel. 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 (CVN) 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. In Israel, Pharos, together with Capricorn Energy PLC (formerly known as Cairn Energy PLC) and Israel's Ratio Oil Exploration, has eight licences offshore Israel. Each party has an equal working interest and Capricorn Energy is the operator.
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
Identification code
| ORDINARY SHARES OF £0.05 EACH
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Acquisition of Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
25,423
£6,547.44 | ||||
e)
| Date of the transaction
| 27/05/22 | ||||
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
Identification code
| ORDINARY SHARES OF £0.05 EACH
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Acquisition of Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
3,787
£975.30 | ||||
e)
| Date of the transaction
| 27/05/22 | ||||
f)
| Place of the transaction | X-LON | ||||