Harbour Energy PLC — Director's Dealing 2020

Apr 16, 2020

National Storage Mechanism | Additional information

RNS Number : 9344J

Premier Oil PLC

16 April 2020

Premier Oil plc

(the 'Company' or 'Premier')

Vesting of Deferred Bonus Awards under the

Company's 2017 Long Term Incentive Plan ("2017 LTIP")

Premier announces that the Deferred Bonus Awards listed below (the "Awards") vested on 12 April 2020 pursuant to the Rules of the 2017 LTIP.

The Awards were granted in April 2017 in respect of bonus amounts above 50 per cent of salary awarded to Executive Directors for the financial year ending 31 December 2016. In accordance with the Company's 2017 Remuneration Policy, these awards were subject to a three year deferral period which has now ended.

The tax and National Insurance liabilities arising on the release of the Awards were settled by withholding a sufficient number of shares to cover those liabilities. The net number of shares were then released to participants as indicated below.

	Gross number of shares vesting	Shares withheld to cover tax liabilities	Net number of shares released	Gross value at award (12/04/2017)	Gross value on release (14/04/2020)
Robin Allan	77,357	41,496	35,861	£50,940	£21,405
Tony Durrant	142,574	67,010	75,564	£93,885	£39,450
Richard Rose	72,437	39,244	33,193	£47,700	£20,043

Daniel Rose

Premier Oil plc

+44 (0)20 7730 1111

The information set out below is provided in accordance with the requirements of Article 19(3) of MAR.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Robin Allan

2

Reason for the notification

a)

Position/status

Director, North Sea and Exploration

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Oil plc

b)

LEI

213800YPC42DYBKVPF97

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 12.5 pence each

GB00B43G0577

b)

Nature of the transaction

(i)            Shares withheld to cover tax and National Insurance liabilities following the vesting of Deferred Bonus Awards under the 2017 LTIP; and

(i)            Net shares released following the vesting of Deferred Bonus Awards under the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
(i)            £0.00 (ii)           £0.00	41,496 35,861

d)

Aggregated information

-	Aggregated volume
-	Price

77,357

£0.00

e)

Date of the transaction

14th April 2020

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Tony Durrant

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Oil plc

b)

LEI

213800YPC42DYBKVPF97

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 12.5 pence each

GB00B43G0577

b)

Nature of the transaction

(i)    Shares withheld to cover tax and National Insurance liabilities following the vesting of Deferred Bonus Awards under the 2017 LTIP; and

(ii)   Net shares released following the vesting of Deferred Bonus Awards under the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
(i)     £0.00 (ii)    £0.00	67,010 75,564

d)

Aggregated information

-	Aggregated volume
-	Price

142,574

£0.00

e)

Date of the transaction

14th April 2020

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Richard Rose

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Oil plc

b)

LEI

213800YPC42DYBKVPF97

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 12.5 pence each

GB00B43G0577

b)

Nature of the transaction

(i)            Shares withheld to cover tax and National Insurance liabilities following the vesting of Deferred Bonus Awards under the 2017 LTIP; and

(ii)           Net shares released following the vesting of Deferred Bonus Awards under the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
(i)      £0.00 (ii)     £0.00	39,244 33,193

d)

Aggregated information

-	Aggregated volume
-	Price

72,437

£0.00

e)

Date of the transaction

14th April 2020

f)

Place of the transaction

Outside a trading venue

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