Director/PDMR Shareholding

RNS Number : 3206I

Petrofac Limited

09 March 2010

 



9 March 2010

Petrofac Limited (the "Company")

Notification of Transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

Pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, the Company hereby notifies the following:

1) Paul Groves, a PDMR, was awarded 22,796 ordinary shares of US$0.025 each in the Company (the "Shares") under the Petrofac Restricted Share Plan (RSP) on 8 March 2010.

Subject to a number of limited exceptions, and provided Mr Groves does not leave the Company's employment, the Shares will vest on 24 August 2012, being approximately the third anniversary following his date of joining the Company. The award was made at nil cost.     

Following this award, Mr Grove's total holding in the Company amounts to 22,796 Shares, representing 0.006 per cent of the total voting rights of the Company.

2) on 9 March 2010 the Company was notified that the individuals listed below had sold Shares in the Company. Details of the individual transactions, which were carried out on the London Stock Exchange, are listed below:

PDMR	Date	Number of Shares sold	Average price per Share	Total number of Shares sold, expressed as a % of the issued share capital	Total number of Shares held following the notification	Total number of Shares held following the notification, expressed as a % of the issued share capital
Marwan Chedid	8 March 2010	140,000	1077p	0.040	1,337,962	0.387
Gordon East	8 March 2010	56,784	1123p	0.016	17,528	0.005

The Company's issued share capital consists of 345,629,656 Shares with voting rights. Each Share carries the right to one vote. The Company does not hold any shares in Treasury.

Contact for enquiries:

Petrofac Limited

Sofia Bernsand

020 7811 4900

 

END

 

 

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