5th Apr 2005 16:56
Premier Oil PLC05 April 2005 PREMIER OIL PLC 5 April 2005 DIRECTORS' SHAREHOLDINGS The Company has been informed that the trustees of the Premier Oil EmployeeBenefit Trust released shares on 4 April 2005 in respect of awards under theCompany's Annual Bonus Scheme. The shares released relate to the 2001 bonusawards made on 12 March 2002 to two directors, Messrs C J A Jamieson and J A vander Welle. The shares have been held in trust for three years in accordance withthe terms of the Annual Bonus Scheme. The trustees released a total of 48,607 shares, of which 19,928 were sold at aprice of £5.7825 per share to cover participants' income tax and nationalinsurance contributions, and 28,679 shares were transferred to directors of theCompany as follows:- C J A Jamieson - 17,327 shares J A van der Welle - 11,352 shares The trustees also purchased 19,928 shares at a price of £5.7825 per share. Following the transactions:- a) Mr C J A Jamieson's interest in Ordinary shares is 129,423(comprising:- 17,327 owned shares, 112,044 directors bonus shares and 52 SIPshares). Total percentage holding of issued Ordinary share capital followingthis notification is 0.16%. b) Mr J A van der Welle's interest in Ordinary shares is 103,967(comprising:- 26,352 owned shares, 2,181 share options, 72,973 directors bonusshares and 2,461 SIP shares). Total percentage holding of issued Ordinary sharecapital following this notification is 0.13%. c) the trustees hold 670,509 shares representing 0.81% of the Company'sissued Ordinary share capital. The Executive Directors of the Company are deemedto have a beneficial interest in all of the shares held in the trust. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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