PETROFAC LD — Director's Dealing 2016

Mar 8, 2016

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RNS Number : 3804R

Petrofac Limited

08 March 2016

8 March 2016

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 6 March 2016. 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 6 March 2016	Number of  Shares awarded under the PSP on 6 March 2016	Total number of Shares held under the PSP after 6 March 2016
Ayman Asfari	335,620	140,282	475,902
Marwan Chedid	203,610	104,576	308,186
Tim Weller	235,433	99,277	334,710

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

[email protected]

This information is provided by RNS

The company news service from the London Stock Exchange

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