Harbour Energy PLC — Remuneration Information 2021

Mar 23, 2021

National Storage Mechanism | Additional information

RNS Number : 2486T

Premier Oil PLC

23 March 2021

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 Award listed below (the "Award") vested on 18 March 2021 pursuant to the Rules of the 2017 LTIP.

The Award was granted in March 2018 in respect of the bonus amount above 50 per cent of salary awarded to Richard Rose for the financial year ending 31 December 2017. In accordance with the Company's 2017 Remuneration Policy, this award was subject to a three year deferral period which has now ended.

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

	Gross number of shares vesting	Shares withheld to cover tax liabilities	Net number of shares released
Richard Rose	129,077	60,667	68,410

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

Richard Rose

2

Reason for the notification

a)

Position/status

Interim Chief Executive, 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	60,667 68,410

d)

Aggregated information

-	Aggregated volume
-	Price

129,077

£0.00

e)

Date of the transaction

18th March 2021

f)

Place of the transaction

Outside a trading venue

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