Grant of Share Awards to Directors
Pharos Energy PLC announced on June 26, 2026, that its Executive Directors were granted share awards on June 25, 2026. The Chief Executive Officer, Katherine Roe, received 636,243 shares under the Deferred Share Bonus Plan and 3,625,498 shares under the Long-Term Incentive Plan. The Chief Financial Officer, Sue Rivett, was granted 468,680 shares under the Deferred Share Bonus Plan and 2,521,147 shares under the Long-Term Incentive Plan. These awards are nil-cost options, with vesting periods of two years for the Deferred Share Bonus Plan and three years plus a two-year holding period for the Long-Term Incentive Plan, subject to performance conditions.
Select text to share a quote on X · sign in to keep highlights & notes in your PHAR notes
The Company announces that on 25 June 2026, its Executive Directors were granted share awards over ordinary shares of £0.05 each in the Company ("Shares") as follows:
Awards under the Company's Deferred Share Bonus Plan
Nil-cost options relating to a performance related annual bonus earned for 2025, granted under the Pharos Energy plc 2024 Deferred Share Bonus Plan (the "DSBP") as set out below:-
| Director/PDMR | Position | No of Shares granted under the DSBP |
|---|---|---|
| Katherine Roe | Chief Executive Officer | 636,243 |
| Sue Rivett | Chief Financial Officer | 468,680 |
The number of Shares granted is equivalent to the relevant proportion of the 2025 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 (£0.251). Subject to the rules of the DSBP, these Shares will generally vest over two years.
Awards under the Company's Long-Term Incentive Plan
Nil-price options under the Company's Long-Term Incentive Plan ("LTIP") as set out below:
| Director | Position | No of Shares granted under the LTIP |
|---|---|---|
| Katherine Roe | Chief Executive Officer | 3,625,498 |
| Sue Rivett | Chief Financial Officer | 2,521,147 |
These awards will generally vest over three years from the date of grant, subject to the satisfaction of certain performance conditions and a subsequent two-year holding period.
| a) | Name | Katherine Roe | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | PHAROS ENERGY PLC | ||||
| b) | LEI | 549300DDKLXYLLO4N524 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | ORDINARY SHARES OF £0.05 EACH GB00B572ZV91 | ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Pharos Energy plc 2024 Deferred Bonus Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | N/A single transaction | ||||
| e) | Date of the transaction | 25/06/2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 | ||||
| a) | Name | PHAROS ENERGY PLC | ||||
| b) | LEI | 549300DDKLXYLLO4N524 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | ORDINARY SHARES OF £0.05 EACH GB00B572ZV91 | ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Pharos Energy plc 2024 Deferred Bonus Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | N/A single transaction | ||||
| e) | Date of the transaction | 25/06/2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities | |||||
| a) | Name | Katherine Roe | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | PHAROS ENERGY PLC | ||||
| b) | LEI | 549300DDKLXYLLO4N524 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | ORDINARY SHARES OF £0.05 EACH GB00B572ZV91 | ||||
| b) | Nature of the transaction | Grant of nil-price options under the Pharos Energy plc Long-Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | N/A single transaction | ||||
| e) | Date of the transaction | 25/06/2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 | ||||
| a) | Name | PHAROS ENERGY PLC | ||||
| b) | LEI | 549300DDKLXYLLO4N524 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | ORDINARY SHARES OF £0.05 EACH GB00B572ZV91 | ||||
| b) | Nature of the transaction | Grant of nil-price options under the Pharos Energy plc Long-Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | N/A single transaction | ||||
| e) | Date of the transaction | 25/06/2026 | ||||
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.