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PETROFAC LD Director's Dealing 2025
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Director's Dealing
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News Details
UK Regulatory | 18 March 2025 12:31
Petrofac Limited: Director/PDMR shareholding
Petrofac Limited ( PFC)
Petrofac Limited: Director/PDMR shareholding
18-March-2025 / 11:31 GMT/BST
18 March 2025
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 notifies that Tareq Kawash, Group Chief Executive, became entitled on 17 March 2025 to 357,398 ordinary Shares of US$0.02 each in the Company at nil cost, following the automatic vesting of approximately one half of the Shares awarded to him under the Petrofac Deferred Bonus Plan on 3 May 2023.
Mr Kawash now holds 378,270 Shares representing 0.071 per cent of the total voting rights of the Company. A total of 168,281 Shares were sold on 17 March 2025 at 6.5875 pence per Share to satisfy the arising tax liability.
The Company’s issued share capital consists of 528,874,000 Shares with voting rights. Each Share carries the right to one vote. The Company does not hold any Shares in Treasury.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Tareq Kawash | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Group Chief Executive | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Petrofac Limited | |||
| b) | LEI | 2138004624W8CKCSJ177 | |||
| 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 | Ordinary Shares of US$0.02 | |||
| Identification code | GB00B0H2K534 | ||||
| b) | Nature of the transaction | Vesting of award of shares under the Petrofac Deferred Bonus Plan 2021 – Nil Cost Awards & sale of sufficient shares to account for tax liability | |||
| c) | Price(s) and volume(s) | ||||
| Price per share (£) | Volume(s) | ||||
| £0.065875 | 357,398 | ||||
| d) | Aggregated information | ||||
| – Aggregated volume | 357,398 | ||||
| – Price | £0.065875 | ||||
| e) | Date of the transaction | 2025-03-17 | |||
| f) | Place of the transaction | London Stock Exchange |
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
David Boyd, Investor Relations Consultant
Sophie Reid, Group Director of Communications
Teneo (for Petrofac)
+44 (0) 207 353 4200
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
| 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.: | 379435 |
| EQS News ID: | 2102376 |
| End of Announcement | EQS News Service |