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PETROFAC LD Director's Dealing 2022
5194_dirs_2022-04-05_ac4ddcef-3de0-4122-adc2-55956f55d4fe.html
Director's Dealing
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National Storage Mechanism | Additional information
Petrofac Limited ( PFC)
Petrofac Limited: Director/PDMR shareholding
05-Apr-2022 / 10:10 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
5 April 2022
Petrofac Limited (the 'Company')
Notification of Transactions by
Persons Discharging Managerial Responsibilities
Pursuant to the Company's obligations under Market Abuse Regulation 19, the Company hereby makes the following notifications in respect of its Executive Directors and their awards of ordinary shares of US$0.02 each in the Company (the 'Shares') under the Petrofac Performance Share Plan ('PSP') and the Deferred Bonus Plan ('DBP'), which took place on 4 April 2022.
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 are made at nil cost to participants.
Details of the awards under the PSP which took place on 4 April 2022 for each Executive Director, including the position before and after awards were made, are outlined below:
| Total number of Shares held under the PSP prior to 4 April 2022 |
Number of Shares awarded under the PSP on 4 April 2022 |
Total number of Shares held under the PSP after 4 April 2022 |
|
| Sami Iskander | 1,759,658 | 1,287,559 | 3,047,217 |
| Afonso Reis e Sousa | 271,495 | 765,550 | 1,037,045 |
DBP
In line with the Company's remuneration arrangements, as published in the 2021 Annual Report and Accounts, any bonus awarded will be paid to Executive Directors half in cash and half in deferred shares under the DBP. Awards will generally vest in equal tranches over one, two and three years from the date of grant, provided a participant does not leave the Company's employment. Awards are made at nil cost to participants.
Details of the awards under the DBP which took place on 4 April 2022 for each Executive Director, including the position before and after awards were made, are outlined below:
| Total number of Shares held under the DBP prior to 4 April 2022 |
Number of Shares awarded under the DBP on 4 April 2022 |
Total number of Shares held under the DBP after 4 April 2022 |
|
| Sami Iskander | 0 | 280,893 | 280,893 |
| Afonso Reis e Sousa | 0 | 61,189 | 61,189 |
The Company's issued share capital consists of 521,157,442 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
+44 (0) 207 811 4900
Jonathan Yarr, Head of Investor Relations
Alison Flynn, Group Director of Communications and Sustainability
Tulchan Communications Group
+44 (0) 207 353 4200
Martin Robinson
| ISIN: | GB00B0H2K534 |
| Category Code: | DSH |
| TIDM: | PFC |
| LEI Code: | 2138004624W8CKCSJ177 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 153765 |
| EQS News ID: | 1320625 |
| End of Announcement | EQS News Service |