Petrofac Limited (LON:PFC)

Petrofac Limited (LON:PFC)


Share Price
409.44 p
Change
-0.56 (-0.14 %)
Market Cap
£14.15 m
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Petrofac Limited RNS Release

Director/PDMR Shareholding


RNS Number : 2112S
Petrofac Limited
07 March 2019
 

7 March 2019

 

Petrofac Limited (the 'Company')

 

Notification of Transactions by

Persons Discharging Managerial Responsibilities

 

 

Pursuant to the Company's obligations under Market Abuse Regulation 19, 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 6 March 2019. 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.

 

Details of the awards under the PSP which took place on 6 March 2019 for each Executive Director, including the position before and after awards were made, are outlined below:     

 


Total number of Shares held under the PSP prior to

6 March 2019 award1

Number of Shares awarded under the PSP on 6 March 2019

Total number of Shares held under the PSP after 6 March 2019

Ayman Asfari

585,637  

306,734

892,371

Alastair Cochran

360,266

192,264

552,530

 

1 This figure does not include the 2016 PSP award which lapsed in full as a result of the performance over the period 2016-2018.

 

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

[email protected] 

+44 (0) 207 811 4913

 

Jon Low, Head of Investor Relations

[email protected] 

+44 (0) 207 811 4930

 

Tulchan Communications Group Ltd                                  

Martin Robinson

Tel: +44 (0) 20 7353 4200

[email protected]

 

LEI 2138004624W8CKCSJ177

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Petrofac Limited Timeline

Newswire
February 28 2019

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