Director/PDMR Shareholding

RNS Number : 6801Q
Petrofac Limited
14 September 2017
 

14 September 2017

 

Petrofac Limited (the 'Company')

 

Notification of Transactions by

Persons Discharging Managerial Responsibilities

 

 

Pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, the Company hereby makes the following notifications in respect of its Executive Directors and awards of ordinary shares of US$0.02 each in the Company (the 'Shares') under the Petrofac Performance Share Plan ('PSP') which took place on 13 September 2017. The Company takes the view that it is only its Directors who may be regarded as Persons Discharging Managerial Responsibilities ('PDMRs').

 

 

 

PSP

PSP awards are made by the Company to senior executives and generally vest on the third anniversary of the date of grant, provided a participant does not leave the Company's employment and to the extent that performance conditions have been satisfied.  Awards form part of the Company's annual bonus cycle and are made at nil cost to participants. Following receipt of shareholder approval at the AGM earlier this year, awards forming the 2017 bonus cycle have now been made. Details of each PDMR's position before and after the awards are outlined below:      

 


Total number of Shares held under the PSP prior to 13 September 2017

Number of Shares awarded under the PSP on 13 September 2017

Total number of Shares held under the PSP after 13 September 2017

Ayman Asfari

328,334

292,740

621,074

Alastair Cochran

23,479

180,147

203,626

 

 

The Company's issued share capital consists of 345,912,747 Shares with voting rights. Each Share carries the right to one vote. The Company does not hold any Shares in Treasury.

 

For further information, contact:

 

Alison Flynn, Group Head of Communications

alison.flynn@petrofac.com 

+44 (0) 207 811 4913

 

Tulchan Communications Group

+44 (0) 207 353 4200

petrofac@tulchangroup.com

 

Martin Robinson

 

LEI 2138004624W8CKCSJ177

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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