Petrofac Limited Director/PDMR Shareholding (6801Q)
September 14 2017 - 2:01AM
UK Regulatory
TIDMPFC
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 Number of Total number
of Shares Shares awarded of Shares held
held under under the under the PSP
the PSP prior PSP on 13 after 13 September
to 13 September September 2017
2017 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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