Premier Oil PLC Director/PDMR Shareholding (6482P)
September 01 2017 - 12:30PM
UK Regulatory
TIDMPMO
RNS Number : 6482P
Premier Oil PLC
01 September 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 Restricted Share
Awards
Performance Share Awards and Restricted Share Awards (the
"Awards") were granted to the Executive Directors named below on 1
September 2017 under the Company's 2017 Long Term Incentive Plan,
which was approved by shareholders at the Company's 2017 Annual
General Meeting.
The Awards will only vest if certain performance targets are
met. Details of those performance targets are set out in the
Directors' Remuneration Report within the Company's 2016 Annual
Report and Financial Statements.
Subject to the achievement of the relevant performance target
and the Remuneration Committee's assessment of overall Company
performance, Performance Share Awards will normally vest on 1
September 2020, being three years from the date of grant of the
Performance Share Awards.
Subject to the achievement of the relevant performance underpin
and the Remuneration Committee's assessment of overall Company
performance, Restricted Share Awards will normally vest in one
third increments on 1 September 2020, 1 September 2021 and 1
September 2022 respectively, subject to continued employment.
The net number of shares vesting under the Awards after
withholding for tax and National Insurance liabilities will be
subject to a mandatory deferral period ending on 1 September
2022.
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) Grant of Performance Share Awards under the
Premier Oil 2017 Long Term Incentive Plan;
and
(ii) Grant of Restricted Share Awards under the
Premier Oil 2017 Long Term Incentive Plan.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- ----------
(i) GBP0.00 905,227
(ii) GBP0.00 206,909
--------------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1,112,136
------------------ GBP0.00
- Price
------------------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-09-01
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London
--- -------------------------------------------------------- -------------------------------------------------------
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) Grant of Performance Share Awards under the
Premier Oil 2017 Long Term Incentive Plan;
and
(ii) Grant of Restricted Share Awards under the
Premier Oil 2017 Long Term Incentive Plan.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- ----------
(i) GBP0.00 562,784
(ii) GBP0.00 128,636
--------------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 691,420
------------------ GBP0.00
- Price
------------------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-09-01
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London
--- -------------------------------------------------------- -------------------------------------------------------
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) Grant of Performance Share Awards under the
Premier Oil 2017 Long Term Incentive Plan;
and
(ii) Grant of Restricted Share Awards under the
Premier Oil 2017 Long Term Incentive Plan.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- ----------
(i) GBP0.00 562,784
(ii) GBP0.00 128,636
--------------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 691,420
------------------ GBP0.00
- Price
------------------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-09-01
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London
--- -------------------------------------------------------- -------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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