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Premier Oil PLC - Director/PDMR Shareholding

RNS Number : 9344J
Premier Oil PLC
16 April 2020
 

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 Awards listed below (the "Awards") vested on 12 April 2020 pursuant to the Rules of the 2017 LTIP.

 

The Awards were granted in April 2017 in respect of bonus amounts above 50 per cent of salary awarded to Executive Directors for the financial year ending 31 December 2016. In accordance with the Company's 2017 Remuneration Policy, these awards were subject to a three year deferral period which has now ended.

 

The tax and National Insurance liabilities arising on the release of the Awards were settled by withholding a sufficient number of shares to cover those liabilities. The net number of shares were then released to participants as indicated below.

 

 

Gross number of shares vesting

Shares withheld to cover tax liabilities

Net number of shares released

Gross value at award

(12/04/2017)

Gross value on release

(14/04/2020)

Robin Allan

77,357

41,496

35,861

£50,940

£21,405

Tony Durrant

142,574

67,010

75,564

£93,885

£39,450

Richard Rose

72,437

39,244

33,193

£47,700

£20,043

 

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

 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 instrument

Identification code

Ordinary shares of 12.5 pence each
 

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

(i)            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)            £0.00

41,496
35,861

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

77,357

£0.00

e)

Date of the transaction

14th April 2020

f)

Place of the transaction

Outside a trading venue

 

 

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 instrument

Identification code

Ordinary shares of 12.5 pence each


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)     £0.00

(ii)    £0.00

 

67,010
75,564

 

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

142,574

£0.00

e)

Date of the transaction

14th April 2020

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 instrument

Identification code

Ordinary shares of 12.5 pence each
 

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)      £0.00

(ii)     £0.00

 

39,244
33,193

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

72,437

£0.00

e)

Date of the transaction

14th April 2020

f)

Place of the transaction

Outside a trading venue

 


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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