Pharos Energy PLC Grant of Share Awards to Directors/PDMRs (0689U)
24 Marzo 2023 - 8:30AM
UK Regulatory
TIDMPHAR
RNS Number : 0689U
Pharos Energy PLC
24 March 2023
24 March 2023
Pharos Energy plc
("Pharos" or the "Company" or, together with its subsidiaries,
the "Group")
GRANT OF SHARE AWARDS TO DIRECTORS/PDMRs
The Company announces that on 23 March 2023, its Executive
Directors and Persons Discharging Managerial Responsibilities
("PDMRs") were granted share the following nil-cost share awards
over ordinary shares of GBP0.05 each in the Company ("Shares")
under the Company's Long-Term Incentive Plan ("LTIP"):
Executive Director Position No of Shares granted under the LTIP
Jann Brown Chief Executive Officer 3,733,333
========================= ====================================
Sue Rivett Chief Financial Officer 2,488,888
========================= ====================================
PDMR Position No of Shares granted under the LTIP
Mohamed Sayed Group Head of Technical 225,000
========================= ====================================
These awards will generally vest over three years from the date
of grant, subject to the satisfaction of certain performance
conditions and, for the Executive Directors, a subsequent two-year
holding period.
Enquiries
Pharos Energy plc Tel: 0207 603 1515
Tony Hunter, Company Secretary
Camarco Tel: 020 3757 4980
Billy Clegg |Georgia Edmonds | Rebecca Waterworth
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 Grant of nil cost options under the Pharos
Energy plc Long-Term Incentive Plan
========================== ===========================================
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 3,733,333
==========
========================== ===========================================
d) Aggregated information N/A single transaction
========================== ===========================================
e) Date of the transaction 23/03/2023
========================== ===========================================
f) Place of the transaction Outside a trading venue
========================== ===========================================
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 Grant of nil cost options under the Pharos
Energy plc Long-Term Incentive Plan
========================== ===========================================
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 2 , 488,888
============
========================== ===========================================
d) Aggregated information N/A single transaction
========================== ===========================================
e) Date of the transaction 23/03/2023
========================== ===========================================
f) Place of the transaction Outside a trading venue
========================== ===========================================
Details of the person discharging managerial responsibilities
1
=======================================================================
a) Name MOHAMED SAYED
========================== ===========================================
Reason for the notification
2
=======================================================================
a) Position/status Group Head of Technical
========================== ===========================================
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 Grant of nil cost options under the Pharos
Energy plc Long-Term Incentive Plan
========================== ===========================================
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 225,000
==========
========================== ===========================================
d) Aggregated information N/A single transaction
========================== ===========================================
e) Date of the transaction 23/03/2023
========================== ===========================================
f) Place of the transaction Outside a trading venue
========================== ===========================================
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