28 March 2018
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Petrofac Limited (the 'Company')
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Notification of Transactions by
Persons Discharging Managerial Responsibilities
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Pursuant to the Company's obligations under Market Abuse Regulation 19, the Company hereby makes the following notifications in respect of its Executive Directors:
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Share Purchase
Alastair Cochran, Chief Financial Officer, today purchased 22,853 ordinary shares ("Shares") of US$0.02 each in the Company at 507.58 pence per Share. This purchase is in line with the Company's remuneration policy which was approved by Shareholders in May 2017.�� Following this transaction, Mr Cochran now has a disclosable interest in 30,988 Shares, representing 0.0089 per cent of the total voting rights of the Company.��
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Performance Share Plan (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.
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Details of the awards under the PSP which took place on 27 March 2018 for each Executive Director, including the position before and after awards were made, are outlined below:�����
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Total number of Shares held under the PSP prior to 27 March 2018 |
Number of Shares awarded under the PSP on 27 March 2018 |
Total number of Shares held under the PSP after 27 March 2018 |
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Ayman Asfari |
459,071 |
258,737 |
717,808 |
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Alastair Cochran |
208,263 |
159,104 |
367,367 |
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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.
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For further information contact:
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Alison Flynn, Group Head of Communications
+44 (0) 207 811 4913
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Jon Low, Head of Investor Relations
+44 (0) 207 811 4930
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Tulchan Communications Group Ltd��������� ������������ �����������
Martin Robinson
Tel: +44 (0) 20 7353 4200
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LEI 2138004624W8CKCSJ177
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