REG-Petrofac Limited Petrofac Limited: Director/PDMR shareholding

PetrofacAnnouncement

04/05/2023 12:15

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   Petrofac Limited ( PFC)
   Petrofac Limited: Director/PDMR shareholding

   04-May-2023 / 12:12 GMT/BST

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   4 May 2023       

                                        

                        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 3  May
   2023.

    

   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  3 May 2023  for
   each Executive Director,  including the position  before and after  awards
   were made, are outlined below:     

    

                                                              Total number of
                   Total number of Shares  Number of Shares Shares held under
                 held under the PSP prior awarded under the               the
                                       to            PSP on
                                                                    PSP after
                               3 May 2023        3 May 2023
                                                                  3 May 2023 
   Tareq Kawash                         0         2,894,924        2,894,924 
   Afonso Reis e                1,011,244         1,200,857         2,212,101
   Sousa

    

    

   DBP

   In line with  the Company’s remuneration  arrangements, 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.

    

   Mr Kawash was  granted an  ad hoc  award under the  DBP in  line with  his
   joining  arrangements.  These  shares  are  not  subject  to   performance
   conditions and will  vest, subject  inter alia,  to continued  employment,
   over the next two years.

    

   Details of the awards  under the DBP  which took place on  3 May 2023  for
   each Executive Director,  including the position  before and after  awards
   were made, are outlined below:     

    

                                                              Total number of
                   Total number of Shares  Number of Shares Shares held under
                 held under the DBP prior awarded under the               the
                                       to            DBP on
                                                                    DBP after
                               3 May 2023        3 May 2023
                                                                  3 May 2023 
   Tareq Kawash                         0           714,796           714,796
   Afonso Reis e                   40,793           142,959           183,752
   Sousa

    

    

   The Company's issued share capital consists of 522,049,521 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) 20 7811 4900

    

   James Boothroyd, Head of Investor Relations

    1 James.boothroyd@petrofac.com

    

   Sophie Reid, Group Head of Communications

    2 Sophie.reid@petrofac.com

    

   Teneo Group

   +44 (0) 20 7353 4200

   petrofac@teneo.com

   Martin Robinson

    

    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   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.:   241510
   EQS News ID:    1624839


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:James.boothroyd@petrofac.com
   2. mailto:Sophie.reid@petrofac.com


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