Director/PDMR Shareholding

RNS Number : 5680F

Petrofac Limited

24 May 2013

 



24 May 2013

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 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 24 May 2013. The Company takes the view that it is only its Directors who may be regarded as Persons Discharging Managerial Responsibilities ('PDMRs').

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. Details of each PDMR's position before and after the awards are outlined below:      

	Total number of Shares  held under the PSP prior to 24 May 2013	Number of  Shares awarded under the PSP on 24 May 2013	Total number of Shares held under the PSP after 24 May 2013
Ayman Asfari	181,371	79,769	261,140
Marwan Chedid	68,271	47,574	115,845
Andy Inglis	172,719	68,654	241,373
Tim Weller	40,598	55,577	96,175

The Company's issued share capital consists of 345,891,490 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: [phone]

[e-mail]

 

END

 

 

RDSNKQDBNBKDQPB