Premier Oil PLC Director/PDMR Shareholding (9344J)
April 16 2020 - 11:30AM
UK Regulatory
TIDMPMO
RNS Number : 9344J
Premier Oil PLC
16 April 2020
Premier Oil plc
(the 'Company' or 'Premier')
Vesting of Deferred Bonus Awards under the
Company's 2017 Long Term Incentive Plan ("2017 LTIP")
Premier announces that the Deferred Bonus Awards listed below
(the "Awards") vested on 12 April 2020 pursuant to the Rules of the
2017 LTIP.
The Awards were granted in April 2017 in respect of bonus
amounts above 50 per cent of salary awarded to Executive Directors
for the financial year ending 31 December 2016. In accordance with
the Company's 2017 Remuneration Policy, these awards were subject
to a three year deferral period which has now ended.
The tax and National Insurance liabilities arising on the
release of the Awards were settled by withholding a sufficient
number of shares to cover those liabilities. The net number of
shares were then released to participants as indicated below.
Gross number Shares withheld Net number Gross value Gross value
of shares to cover of shares at award on release
vesting tax liabilities released (12/04/2017) (14/04/2020)
Robin Allan 77,357 41,496 35,861 GBP50,940 GBP21,405
------------- ----------------- ----------- -------------- --------------
Tony Durrant 142,574 67,010 75,564 GBP93,885 GBP39,450
------------- ----------------- ----------- -------------- --------------
Richard
Rose 72,437 39,244 33,193 GBP47,700 GBP20,043
------------- ----------------- ----------- -------------- --------------
Daniel Rose
Premier Oil plc
+44 (0)20 7730 1111
The information set out below is provided in accordance with the
requirements of Article 19(3) of MAR.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Robin Allan
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Director, North Sea and Exploration
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Premier Oil plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800YPC42DYBKVPF97
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 12.5 pence each
instrument
Identification code GB00B43G0577
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction (i) Shares withheld to cover tax and National
Insurance liabilities following the vesting
of Deferred Bonus Awards under the 2017 LTIP; and
(i) Net shares released following the vesting of
Deferred Bonus Awards under the 2017 LTIP.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP0.00 41,496
(ii) GBP0.00 35,861
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 77,357
- Price GBP0.00
------------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 14(th) April 2020
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Tony Durrant
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Premier Oil plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800YPC42DYBKVPF97
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 12.5 pence each
instrument
Identification code GB00B43G0577
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction (i) Shares withheld to cover tax and National
Insurance liabilities following the vesting
of Deferred Bonus Awards under the 2017 LTIP; and
(ii) Net shares released following the vesting of
Deferred Bonus Awards under the 2017 LTIP.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP0.00 67,010
(ii) GBP0.00 75,564
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 142,574
- Price GBP0.00
------------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 14(th) April 2020
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Richard Rose
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Premier Oil plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800YPC42DYBKVPF97
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 12.5 pence each
instrument
Identification code GB00B43G0577
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction (i) Shares withheld to cover tax and National
Insurance liabilities following the vesting
of Deferred Bonus Awards under the 2017 LTIP; and
(ii) Net shares released following the vesting of
Deferred Bonus Awards under the 2017 LTIP.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP0.00 39,244
(ii) GBP0.00 33,193
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 72,437
- Price GBP0.00
------------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 14(th) April 2020
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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