26 April 2021
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:
Performance Share Plan (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 23 April 2021 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
23 April 2021
|
Number of Shares awarded under the PSP on 23 April 2021
|
Total number of Shares held under the PSP after 23 April 2021
|
Sami Iskander
|
-
|
1,663,822
|
1,663,822
|
Alastair Cochran
|
515,518
|
664,402
|
1,179,920
|
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:
Alison Flynn, Group Head of Communications
alison.flynn@petrofac.com
+44 (0) 207 811 4913
Jonathan Yarr, Head of Investor Relations
jonathan.yarr@petrofac.com
+44 (0) 207 811 4931
Tulchan Communications Group Ltd
Martin Robinson
Tel: +44 (0) 20 7353 4200
petrofac@tulchangroup.com