Petrofac Limited Director/PDMR Shareholding (6801Q)

TIDMPFC

RNS Number : 6801Q

Petrofac Limited

14 September 2017

14 September 2017

Petrofac Limited (the 'Company')

Notification of Transactions by

Persons Discharging Managerial Responsibilities

Pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, 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 13 September 2017. 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. Following receipt of shareholder approval at the AGM earlier this year, awards forming the 2017 bonus cycle have now been made. Details of each PDMR's position before and after the awards are outlined below:

 
                     Total number         Number of          Total number 
                        of Shares    Shares awarded        of Shares held 
                       held under         under the         under the PSP 
                    the PSP prior         PSP on 13    after 13 September 
                  to 13 September         September                  2017 
                             2017              2017 
--------------  -----------------  ----------------  -------------------- 
 Ayman Asfari             328,334           292,740               621,074 
--------------  -----------------  ----------------  -------------------- 
 Alastair 
  Cochran                  23,479           180,147               203,626 
--------------  -----------------  ----------------  -------------------- 
 

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

[e-mail]

[phone]

Tulchan Communications Group

[phone]

[e-mail]

Martin Robinson

LEI 2138004624W8CKCSJ177

This information is provided by RNS

The company news service from the London Stock Exchange

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September 14, 2017 02:01 ET (06:01 GMT)