Petrofac Limited Director/PDMR Shareholding (9328G)
March 09 2015 - 10:39AM
UK Regulatory
TIDMPFC
RNS Number : 9328G
Petrofac Limited
09 March 2015
9 March 2015
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 6
March 2015. 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. Details of each PDMR's position before
and after the awards are outlined below:
Total number Number of Total number
of Shares Shares awarded of Shares held
held under under the under the PSP
the PSP prior PSP on 6 March after 6 March
to 6 March 2015 2015
2015
-------------- --------------- ---------------- ----------------
Ayman Asfari 249,477 147,626 397,103
-------------- --------------- ---------------- ----------------
Marwan
Chedid 151,478 93,258 244,736
-------------- --------------- ---------------- ----------------
Tim Weller 163,391 104,474 267,865
-------------- --------------- ---------------- ----------------
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:
Petrofac Limited
Andrew Wilkinson
020 7811 4900
Tulchan Communications Group Ltd
Martin Robinson
Tel: +44 (0) 20 7353 4200
petrofac@tulchangroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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