Director/PDMR Shareholding

RNS Number : 4482P

Petrofac Limited

25 March 2009

 



25 March 2009

Notification of Interests of 

Persons Discharging Managerial Responsibility (PDMRs)

Pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, Petrofac Limited (the "Company") hereby notifies the following awards and vestings under the Petrofac Deferred Bonus Share Plan ("DBSP") made on 19 March 2009.

	Number of	Number of	Total	Total
	ordinary	ordinary	number	number
	shares	shares	of shares	of shares
	awarded	vested	held under	held under
	under the	under the	the DBSP	the DBSP
	DBSP on 19	DBSP on 19	after 19	after 19
	March 2009	March 2009	March 2009	March 2009
				expressed
				as % of
				total
				shares
				in issue
PDMR
Marwan Chedid	46,734	9,458	114,798	0.033
William Dunnett	62,544	4,688	71,936	0.021
Gordon East	16,894	16,374	40,168	0.012
Leigh Howarth	nil	9,278	33,330	0.010
Robert Jewkes	28,158	18,636	89,226	0.026
SS Sarma	36,348	6,688	91,968	0.027
Rajesh Verma	42,838	9,144	118,592	0.034

Subject to a number of limited exceptions and provided a participant does not leave the Company's employment, shares awarded under the DBSP may either vest in full on the third anniversary of grant; or alternatively vest one third on the first anniversary of grant, one third on the second anniversary of grant and the final third on the third anniversary of grant.  Awards are made at nil cost to participants.     

William Dunnett, Gordon East and Robert Jewkes each sold sufficient of their vesting shares on 19 March 2009 at an average price of 538.109p in order to satisfy their respective tax liabilities. William Dunnett sold 1,925 shares; Gordon East sold 6,721 shares; and Robert Jewkes sold 7,649 shares.

If participants and their connected persons hold shares outside the DBSP (or any other Company share incentive scheme), separate announcements are made under the Disclosure and Transparency Rules as required.

The Company's issued share capital consists of 345,434,858 shares with voting rights. The Company does not hold any shares in Treasury.

Contact for enquiries:

Petrofac Limited

Mary Hitchon         020 7811 4900

 

END

 

 

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