Sch 1 - Andes Energia Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Current Company name: Andes Energia plc

Company name on Admission: Phoenix Global Resources plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):

2nd Floor

Berkeley Square House

Berkeley House

London

W1J 6BD

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

Current website address: www.andesenergiaplc.com.ar

Website following Admission: www.phoenixglobalresources.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

On Admission, Phoenix Global Resources plc will be a leading Argentinian independent exploration and production company, following the acquisition of the entire issued share capital of Trefoil Holdings B.V., a company that owns through a number of subsidiary companies, over 99.99 per cent. of the interests in an Argentine company, Petrolera El Trébol S.A., which has exploration and production oil and gas assets in the provinces of Mendoza, Santa Cruz and Tierra del Fuego in Argentina.

Admission is sought as a result of a reverse take-over under AIM Rule 14.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Ordinary shares of 10 pence each

Share capital immediately prior to admission: 605,558,515 ordinary shares

Post-IPO enlarged share capital: 2,519,431,566 ordinary shares

Issue price: N/A

No restrictions as to transfer of the securities; no shares to be held in treasury

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Anticipated market capitalisation on admission: £844m (based on the independent directors' estimation of the value of the ordinary shares)

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

78.1%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

The Company's shares are also admitted to trading on the Buenos Aires Stock Exchange.

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Significant shareholders before Admission:

Significant shareholders after Admission:

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

Nigel Duxbury, Non-Executive Director*

Integra Capital S.A.

* To retire from the Board on Admission

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 31 December 2016 (incorporated by reference in the Admission Document)

(iii)

a. 2017 interim results: 30 September 2017

b. 2017 full year results: 30 June 2018

c. 2018 interim results: 30 September 2018

EXPECTED ADMISSION DATE:

10 August 2017

NAME AND ADDRESS OF NOMINATED ADVISER:

Stockdale Securities Limited

Beaufort House

15 St. Botolph Street

London

EC3A 7BB

NAME AND ADDRESS OF BROKER:

Stockdale Securities Limited

Beaufort House

15 St. Botolph Street

London

EC3A 7BB

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

A copy of the Admission Document containing full details about the applicant and the admission of its securities is available on the Company's website at www.andesenergiaplc.com.ar up to Admission, and www.phoenixglobalresources.com on and following Admission.

DATE OF NOTIFICATION:

 25 July 2017

NEW/ UPDATE:

New