Premier Oil PLC Director/PDMR Shareholding (5123C)
April 18 2017 - 4:30AM
UK Regulatory
TIDMPMO
RNS Number : 5123C
Premier Oil PLC
18 April 2017
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
Premier Oil plc (the "Company") hereby notifies the market of
the following transactions of which it has been notified under
Article 19.1 of the EU Market Abuse Regulation ("MAR").
Grant of Performance Share Awards and Equity Pool Awards
Performance Share Awards and Equity Pool Awards (the "Awards")
were granted to the Executive Directors named below on 12 April
2017 under the Company's 2009 Long Term Incentive Plan (the "2009
LTIP"). The Awards were approved in principle by the Remuneration
Committee on 25 August 2016 with the grant of the Awards being
postponed due to dealing restrictions as a result of the ongoing
refinancing of the Group's debt.
The Awards will only vest if certain performance conditions are
met. Details of these performance conditions are set out in the
Directors' Remuneration Report within the 2016 Annual Report and
Financial Statements.
The earliest vesting date for the Awards is 1 January 2019. 50%
of any shares vesting from the Awards will be subject to a
mandatory deferral period of three years and will not be eligible
for a discretionary Matching Share Award.
Grant of Deferred Bonus Awards
Deferred Bonus Awards were granted to the Executive Directors
named below on 12 April 2017 in relation to 2016 annual bonus
payments above 50% of salary. The Deferred Bonus Awards vest three
years from the date of grant.
Andy Gibb
Group General Counsel/Company Secretary
Premier Oil plc
+44 (0)20 7730 1111
The information set out below is provided in accordance with the
requirements of Article 19(3) of MAR.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Tony Durrant
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Premier Oil plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800YPC42DYBKVPF97
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 12.5 pence each
instrument
Identification code GB00B43G0577
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction (i) An award of 6.00 Equity Pool Participation Points
(6% of the total Equity Pool) and Performance
Share Awards under the 2009 LTIP; and
(ii) A Deferred Bonus Award in relation to the 2016
annual bonus payment.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
(i) Nil 567,864
(ii) Nil 142,574
----------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 710,438
------------------ Nil
- Price
------------------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-04-12
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Robin Allan
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Director, North Sea and Exploration
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Premier Oil plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800YPC42DYBKVPF97
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 12.5 pence each
instrument
Identification code GB00B43G0577
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction (i) An award of 4.25 Equity Pool Participation
Points (4.25% of the total Equity Pool) and
Performance Share Awards under the 2009 LTIP; and
(ii) A Deferred Bonus Award in relation to the 2016
annual bonus payment.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
(i) Nil 294,203
(ii) Nil 77,357
----------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 371,560
------------------ Nil
- Price
------------------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-04-12
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Richard Rose
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Premier Oil plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800YPC42DYBKVPF97
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 12.5 pence each
instrument
Identification code GB00B43G0577
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction (i) An award of 4.25 Equity Pool Participation Points
(4.25% of the total Equity Pool) and
Performance Share Awards under the 2009 LTIP; and
(ii) A Deferred Bonus Award in relation to the 2016
annual bonus payment.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
(i) Nil 249,500
(ii) Nil 72,437
------------ ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 321,937
------------------ Nil
- Price
------------------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-04-12
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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