Pharos Energy : Director/PDMR Shareholding

RNS Number : 3672Z

Pharos Energy PLC

10 January 2020

10 January 2020

Pharos Energy plc

("Pharos" or "the Company")

DIRECTORS/PDMR SHAREHOLDINGS

Awards under the Company's Deferred Share Bonus Plan

The Company announces that on 9 January 2020, Persons Discharging Managerial Responsibilities ("PDMRs") were granted deferred bonus awards over ordinary shares of £0.05 each in the Company ("Shares"), relating to a performance related annual bonus earned for 2019, under the Pharos Energy plc 2014 Deferred Share Bonus Plan (the "DSBP") as follows:-

PDMRs	Position	No of Shares granted
Ed Story	Chief Executive Officer	317,971
Jann Brown	Managing Director and Chief Financial	202,702
			Officer
Dr Mike	Managing Director	202,702
Watts
Jason	President - Egypt	89,581
Stabell

The number of Shares granted is equivalent to the relevant proportion of the 2019 annual bonus deferred, calculated on the basis of the middle market quotation (as derived from the Daily Official List) on the dealing day immediately preceding the date of grant (£0.555). Subject to the rules of the DSBP, these Shares will generally vest over two years from the date of grant.

For further information, please contact:

Tony Hunter

Company Secretary

+ 44 (0)207 603 1515

1	Details of the person discharging managerial responsibilities
a)	Name		ED STORY
2	Reason for the notification
a)	Position/status		Chief Executive Officer
b)	Initial notification		Initial notification
	/Amendment
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		ORDINARY SHARES OF £0.05 EACH
	financial instrument,		("SHARES")
	type of instrument
	Identification code		GB00B572ZV91
b)	Nature of the transaction		Grant of Shares under the Pharos Energy plc
			2014 Deferred Bonus Plan
c)	Price(s) and volume(s)
			Price(s)		Volume(s)
			£0.00		317,971
d)	Aggregated information		N/A single transaction
e)	Date of the transaction		09/01/20
f)	Place of the transaction		Outside a trading venue

• Details of the person discharging managerial responsibilities

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a)	Name		JANN BROWN
2	Reason for the notification
a)	Position/status		Managing Director and Chief Financial
			Officer
b)	Initial notification		Initial notification
	/Amendment
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		ORDINARY SHARES OF £0.05 EACH
	financial instrument,
	type of instrument		GB00B572ZV91
	Identification code
b)	Nature of the transaction		Grant of Shares under the Pharos Energy plc
			2014 Deferred Bonus Plan
c)	Price(s) and volume(s)
			Price(s)		Volume(s)
			£0.00		202,702
d)	Aggregated information		N/A single transaction
e)	Date of the transaction		09/01/20
f)	Place of the transaction		Outside a trading venue
1	Details of the person discharging managerial responsibilities
a)	Name		MIKE WATTS
2	Reason for the notification
a)	Position/status		Managing Director
b)	Initial notification		Initial notification
	/Amendment
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		ORDINARY SHARES OF £0.05 EACH
	financial instrument,
	type of instrument		GB00B572ZV91
	Identification code
b)	Nature of the transaction		Grant of Shares under the Pharos Energy plc
			2014 Deferred Bonus Plan
c)	Price(s) and volume(s)
			Price(s)		Volume(s)
			£0.00		202,702
d)	Aggregated information		N/A single transaction
e)	Date of the transaction		09/01/20
f)	Place of the transaction		Outside a trading venue
1	Details of the person discharging managerial responsibilities
a)	Name		JASON STABELL
2	Reason for the notification
a)	Position/status		President - Egypt
b)	Initial notification		Initial notification
	/Amendment

Page 2 of 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		ORDINARY SHARES OF £0.05 EACH
	financial instrument,
	type of instrument		GB00B572ZV91
	Identification code
b)	Nature of the transaction		Grant of Shares under the Pharos Energy plc
			2014 Deferred Bonus Plan
c)	Price(s) and volume(s)
			Price(s)		Volume(s)
			£0.00		89,581
d)	Aggregated information		N/A single transaction
e)	Date of the transaction		09/01/20
f)	Place of the transaction		Outside a trading venue

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