14 September 2017
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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 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').
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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: �����
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Total number of Shares held under the PSP prior to 13 September 2017 |
Number of Shares awarded under the PSP on 13 September 2017 |
Total number of Shares held under the PSP after 13 September 2017 |
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Ayman Asfari |
328,334 |
292,740 |
621,074 |
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Alastair Cochran |
23,479 |
180,147 |
203,626 |
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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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Tulchan Communications Group
+44 (0) 207 353 4200
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Martin Robinson
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LEI 2138004624W8CKCSJ177
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