Premier Oil PLC Director/PDMR Shareholding (3940G)

TIDMPMO

RNS Number : 3940G

Premier Oil PLC

03 March 2015

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Premier Oil plc ("the Company")

Premier Oil plc Deferred Bonus Share Plan ("DBSP")

Release of deferred shares

The Company's Employee Benefit Trust has today satisfied the release of shares detailed below, to the Persons Discharging Managerial Responsibility named below, pursuant to the maturity of awards under the terms of the Company's Deferred Bonus Share Plan (the "Plan"). The awards released consisted of awards made on 19 January 2012 in relation to the financial year ending 31 December 2011 along with dividend equivalent awards made on 14 June 2013 and 21 May 2014. Sufficient shares were withheld to cover the income tax and National Insurance contributions falling due on release of the shares resulting in the net share transfers shown below. The share price used to determine the income tax and National Insurance liabilities due was the closing mid market quotation for shares in the Company on 26 February 2015, GBP1.673 per share.

 
                  Gross number of Deferred Shares scheduled for release 
                  under the DBSP 
---------------  -----------------------------------------------------------  -------------------  ------------------- 
                                                                               Number of shares 
                                                                               withheld to cover 
                                                                               income tax and 
                                                                               National Insurance   Net number of 
                                         Dividend        Dividend equivalent   contributions due    Deferred Shares 
                  Original award     equivalent award           award          on                   transferred to 
 Director             19.01.12           14.06.13             21.05.14         release of shares    Director 
---------------  ----------------  -------------------  --------------------  -------------------  ------------------- 
 Robin Allan                3,643                   47                    59              (1,689)                2,060 
---------------  ----------------  -------------------  --------------------  -------------------  ------------------- 
 Tony Durrant               3,996                   52                    65              (1,935)                2,178 
---------------  ----------------  -------------------  --------------------  -------------------  ------------------- 
 Neil Hawkings              3,643                   47                    59              (1,764)                1,985 
---------------  ----------------  -------------------  --------------------  -------------------  ------------------- 
 Andrew Lodge               3,643                   47                    59              (1,764)                1,985 
---------------  ----------------  -------------------  --------------------  -------------------  ------------------- 
 

Date Company notified: 3 March 2015

Date of notification: 3 March 2015

Rachel Benjamin

Premier Oil plc

[phone]

Copies of Premier's announcements are available on the corporate website: www.premier-oil.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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