Petrofac Limited Director/PDMR Shareholding (0047I)
March 20 2015 - 3:16AM
UK Regulatory
TIDMPFC
RNS Number : 0047I
Petrofac Limited
20 March 2015
20 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
notification in respect of its Executive Directors and the Petrofac
Performance Share Plan ('PSP').
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 granted to PDMRs in March 2012, which were due to vest on 19
March 2015 did not satisfy the performance conditions. Accordingly,
all shares have lapsed. Details of each PDMR's position before and
after this transaction are outlined below:
Total number Number of Number of Total number
of Shares Shares vested Shares lapsed of Shares
held under on 19 March on held under
the PSP 2015 19 March the PSP
prior to 2015 after
19 March 19 March
2015 2015
-------------- ------------- --------------- --------------- -------------
Ayman Asfari 397,103 - 76,965 320,138
-------------- ------------- --------------- --------------- -------------
Marwan
Chedid 244,736 - 50,518 194,218
-------------- ------------- --------------- --------------- -------------
Tim Weller 267,865 - 43,292 224,573
-------------- ------------- --------------- --------------- -------------
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: +44 (0) 20 7353 4200
petrofac@tulchangroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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