Petrofac Limited Director/PDMR Shareholding (9328G)

TIDMPFC

RNS Number : 9328G

Petrofac Limited

09 March 2015

9 March 2015

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 6 March 2015. 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 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 6 March     after 6 March 
                     to 6 March              2015              2015 
                           2015 
--------------  ---------------  ----------------  ---------------- 
 Ayman Asfari           249,477           147,626           397,103 
--------------  ---------------  ----------------  ---------------- 
 Marwan 
  Chedid                151,478            93,258           244,736 
--------------  ---------------  ----------------  ---------------- 
 Tim Weller             163,391           104,474           267,865 
--------------  ---------------  ----------------  ---------------- 
 

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:

Petrofac Limited

Andrew Wilkinson

020 7811 4900

Tulchan Communications Group Ltd

Martin Robinson

Tel: [phone]

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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