Director/PDMR Shareholding

RNS Number : 5852D

EnQuest PLC

30 April 2013

 



Director/PDMR Shareholding

EnQuest PLC (the "Company")

30 April 2013

Notification of Transactions by

Persons Discharging Management Responsibility ('PDMRs').

Pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, the Company hereby notifies that the Company's Remuneration Committee granted the following awards to Directors and PDMRs of Ordinary Shares of £0.05 each in the Company (the "Shares") under the EnQuest Performance Share Plan ("PSP") on 29 April 2013.

Awards granted to Directors and PDMRs on 29 April 2013 under the PSP were as follows:-  

Director/PDMR	PSP Award 29 April 2013	Total number of shares held under the PSP  following the Award
Amjad Bseisu	490,000	1,464,880
Jonathan Swinney	300,000	879,638
David Heslop	120,000	240,000

On 29 April 2013, the PSP Awards granted to Directors and PDMRs were made in the form of nil-cost options (as permitted under the rules of the PSP) and will vest 100% on the third anniversary of the date of grant (29 April 2016), subject to the achievement of performance targets over three financial years (2013 to 2015) and continued employment with the EnQuest Group, each being exercisable up to the tenth anniversary of the date of grant. 

If participants and their connected persons hold Shares outside the PSP (or any other Company share incentive scheme), separate announcements are made under the Disclosure and Transparency Rules as required.

Contact for enquiries:

EnQuest PLC

Paul Waters

Company Secretary

020 7925 4900

 

END

 

 

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