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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petrofac Limited | LSE:PFC | London | Ordinary Share | GB00B0H2K534 | ORD USD0.02 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil & Gas Field Services,nec | 2.59B | -310M | -0.5996 | -0.18 | 54.29M |
TIDMPFC
RNS Number : 4610F
Petrofac Limited
09 March 2020
9 March 2020
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 their awards and vestings 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 2020. The Company takes the view that it is only its Directors who may be regarded as Persons Discharging Managerial Responsibilities ('PDMRs').
These awards and vestings form part of the Company's annual bonus cycle. Details of each PDMR's position before and after the awards and vestings are outlined in the tables below.
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 are made at nil cost to participants.
Details of the awards under the PSP which took place on 6 March 2020 for each Executive Director, including the position before and after awards were made, are outlined below:
Total number Number Number Number Number Total number of Shares of Shares of Shares of Shares of Shares of Shares held under vested lapsed sold awarded held under the PSP on 6 March on 6 March on under the the PSP prior to 2020(3) 2020 (3) 6 March PSP on after 6 March 2020 6 March 6 March 2020 2020 2020 Ayman Asfari(1) 958,142 51,271 286,039 - 483,633 1,104,465 ------------- ------------ ------------ ----------- ----------- ------------- Alastair Cochran(2) 593,253 31,551 176,023 14,852 309,084 694,763 ------------- ------------ ------------ ----------- ----------- -------------
(1) Ayman Asfari elected not to sell any Shares and, as a consequence, his shareholding in the Company has increased by the number of Shares vested. See the table below for details of his shareholding after 6 March 2020.
(2) Alastair Cochran elected to sell sufficient Shares to satisfy his tax liability. The share price for the Shares sold was 271.75 pence. His shareholding in the Company has therefore increased by the number of his unsold vested Shares. See the table below for details of his shareholding after 6 March 2020.
(3) Following the end of the three year performance period in respect of the 2017 PSP award, the performance conditions were such that 15.2% of the award vested, with the balance lapsing.
Following these transactions, the PDMRs and their connected persons hold the following beneficial interests in the Company.
Total number of Total number of Total number of Shares held in the Shares held in Shares held in Company prior to the Company after the Company after 6 March 2020 6 March 2020 6 March 2020, expressed as % of the total shares in issue Ayman Asfari 65,087,976 65,139,247 18.831% -------------------- ------------------- ------------------------- Alastair Cochran 77,819 94,518 0.027% -------------------- ------------------- -------------------------
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
alison.flynn@petrofac.com
+44 (0) 207 811 4913
Jonathan Yarr, Head of Investor Relations
jonathan.yarr@petrofac.com
+44 (0) 207 811 4931
Tulchan Communications Group Ltd
Martin Robinson
Tel: +44 (0) 20 7353 4200
petrofac@tulchangroup.com
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 rns@lseg.com or visit www.rns.com.
END
DSHKKCBKBBKDANK
(END) Dow Jones Newswires
March 09, 2020 08:08 ET (12:08 GMT)
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