Premier Oil PLC Director/PDMR Shareholding (2486T)
March 23 2021 - 2:30PM
UK Regulatory
TIDMPMO
RNS Number : 2486T
Premier Oil PLC
23 March 2021
Premier Oil plc
(the 'Company' or 'Premier')
Vesting of Deferred Bonus Awards under the
Company's 2017 Long Term Incentive Plan ("2017 LTIP")
Premier announces that the Deferred Bonus Award listed below
(the "Award") vested on 18 March 2021 pursuant to the Rules of the
2017 LTIP.
The Award was granted in March 2018 in respect of the bonus
amount above 50 per cent of salary awarded to Richard Rose for the
financial year ending 31 December 2017. In accordance with the
Company's 2017 Remuneration Policy, this award was subject to a
three year deferral period which has now ended.
The tax and National Insurance liabilities arising on the
release of the Award were settled by withholding a sufficient
number of shares to cover those liabilities. The net number of
shares were then released to Richard Rose as indicated below.
Gross number Shares withheld Net number
of shares to cover of shares
vesting tax liabilities released
Richard
Rose 129,077 60,667 68,410
------------- ----------------- -----------
Daniel Rose
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 Richard Rose
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Interim Chief Executive, 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) Shares withheld to cover tax and National
Insurance liabilities following the vesting
of Deferred Bonus Awards under the 2017 LTIP; and
(ii) Net shares released following the vesting of
Deferred Bonus Awards under the 2017 LTIP.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP0.00 60,667
(ii) GBP0.00 68,410
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 129,077
- Price GBP0.00
------------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 18(th) March 2021
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
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END
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