PFC Petrofac Limited

TIDMPFC

RNS Number : 0047I

Petrofac Limited

20 March 2015

20 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 notification in respect of its Executive Directors and the Petrofac Performance Share Plan ('PSP').

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 granted to PDMRs in March 2012, which were due to vest on 19 March 2015 did not satisfy the performance conditions. Accordingly, all shares have lapsed. Details of each PDMR's position before and after this transaction are outlined below:

 
                 Total number        Number of        Number of   Total number 
                    of Shares    Shares vested    Shares lapsed      of Shares 
                   held under      on 19 March               on     held under 
                      the PSP             2015         19 March        the PSP 
                     prior to                              2015          after 
                     19 March                                         19 March 
                         2015                                             2015 
--------------  -------------  ---------------  ---------------  ------------- 
 Ayman Asfari         397,103                -           76,965        320,138 
--------------  -------------  ---------------  ---------------  ------------- 
 Marwan 
  Chedid              244,736                -           50,518        194,218 
--------------  -------------  ---------------  ---------------  ------------- 
 Tim Weller           267,865                -           43,292        224,573 
--------------  -------------  ---------------  ---------------  ------------- 
 

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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