Director/PDMR Shareholding

RNS Number : 1704R

Petrofac Limited

24 April 2009

 



24 April 2009

Notification of Interests of 

Persons Discharging Managerial Responsibility (PDMRs)

Pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, Petrofac Limited (the "Company") hereby notifies the following vestings under the Petrofac Deferred Bonus Share Plan ("DBSP") on 24 April 2009.

	Number of	Number of	Number of	Total
	ordinary	ordinary	vested	number
	shares	shares	ordinary	of shares
	held under	vested	shares	held under
	the DBSP	under the	sold on	the DBSP
	before 24	DBSP on 24	24 April	after 24
	April 2009	April 2009	2009	April 2009
Director
Keith Roberts	32,399	32,399	32,399	nil
PDMR
Marwan Chedid	114,798	18,514	nil	96,284
Leigh Howarth	33,330	17,786	17,786	15,544
Robert Jewkes	89,226	32,398	32,398	56,828
Richard Milne	13,770	13,770	13,770	nil
Robin Pinchbeck	18,514	18,514	18,514	nil
SS Sarma	91,968	20,364	nil	71,604
Rajesh Verma	118,592	27,770	nil	90,822

Subject to a number of limited exceptions and provided a participant does not leave the Company's employment, shares awarded under the DBSP may either vest in full on the third anniversary of grant; or alternatively vest one third on the first anniversary of grant, one third on the second anniversary of grant and the final third on the third anniversary of grant.  Awards are made at nil cost to participants.     

Keith Roberts, Leigh Howarth, Robert Jewkes, Richard Milne and Robin Pinchbeck each sold all of their vesting shares on 24 April 2009 at an average price of 588.1p.  

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

The Company's issued share capital consists of 345,434,858 shares with voting rights. The Company does not hold any shares in Treasury.

Contact for enquiries:

Petrofac Limited

Mary Hitchon         020 7811 4900

 

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