9th Jun 2010 15:29
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes should in block capital letters.
|
1. |
Name of the issuer
PREMIER OIL PLC |
2. |
State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
(i) and (iii)
|
|
3. |
Name of person discharging managerial responsibilities/director
S C HUDDLE |
4. |
State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
|
|
5. |
Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1
PERSON NAMED IN 3.
|
6. |
Description of shares (including class), debentures or derivatives or financial instruments relating to shares
ORDINARY SHARES OF 50P EACH |
|
7. |
Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Greenwood Nominees Limited (for Employee Benefit Trust).
|
8. |
State the nature of the transaction
AWARD OF 23,090 PERFORMANCE SHARES UNDER THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN
|
|
9. |
Number of shares, debentures or financial instruments relating to shares acquired
- |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
- |
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed
- |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) - |
|
13. |
Price per share or value of transaction
- |
14. |
Date and place of transaction
27.05.10 |
|
15. |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Total holding: 270,688 shares (comprising: 101,962 own shares, 39,380 nominee shares, 870 share options, 80,997 Matching Award shares, 43,498 LTIP performance shares and 3,981 SIP shares)
Total percentage holding: 0.233%
|
16. |
Date issuer informed of transaction
09.06.10
|
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
|
17. |
Date of grant
|
18. |
Period during which or date on which it can be exercised
|
|
19. |
Total amount paid (if any) for grant of the option
|
20. |
Description of shares or debentures involved (class and number)
|
|
21. |
Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
|
22. |
Total number of shares or debentures over which options held following notification
|
|
23. |
Any additional information
A grant of Performance Share Awards was made on 27 May 2010 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMRs.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares with a value on grant of up to 150% of salary which are subject to a total shareholder return ("TSR") performance condition. The performance condition applying to the Performance Share Awards will require the Company's TSR to be at least at the median of a comparator group comprising approximately 35 other oil companies. The performance period for this award runs from 1 January 2010 to 31 December 2012. 50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMRs, and other members of senior management.
|
24. |
Name of contact and telephone number for queries
Ms H Garratt - 020 7730 1111
|
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 9 June 2010 H Garratt - Deputy Company Secretary
|
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes should in block capital letters.
|
1. |
Name of the issuer
PREMIER OIL PLC |
2. |
State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
(i) and (iii)
|
|
3. |
Name of person discharging managerial responsibilities/director
S C LOCKETT |
4. |
State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
|
|
5. |
Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1
PERSON NAMED IN 3.
|
6. |
Description of shares (including class), debentures or derivatives or financial instruments relating to shares
ORDINARY SHARES OF 50P EACH |
|
7. |
Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Greenwood Nominees Limited (for Employee Benefit Trust).
|
8. |
State the nature of the transaction
AWARD OF 57,948 PERFORMANCE SHARES UNDER THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN
|
|
9. |
Number of shares, debentures or financial instruments relating to shares acquired
-
|
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
- |
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed
- |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
|
|
13. |
Price per share or value of transaction
- |
14. |
Date and place of transaction
27.05.10
|
|
15. |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Total holding: 536,354 (comprising 182,257 owned shares, 83,900 nominee shares, 2,030 share options, 155,022 AEP Matching Award shares, 3,981 SIP shares and 109,164 Performance Share Awards)
Total percentage holding: 0.498%
|
16. |
Date issuer informed of transaction
09.06.10
|
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
|
17. |
Date of grant
|
18. |
Period during which or date on which it can be exercised
|
|
19. |
Total amount paid (if any) for grant of the option
|
20. |
Description of shares or debentures involved (class and number) |
|
21. |
Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
|
22. |
Total number of shares or debentures over which options held following notification
|
|
23. |
Any additional information
A grant of Performance Share Awards was made on 27 May 2010 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMRs.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares with a value on grant of up to 150% of salary which are subject to a total shareholder return ("TSR") performance condition. The performance condition applying to the Performance Share Awards will require the Company's TSR to be at least at the median of a comparator group comprising approximately 35 other oil companies. The performance period for this award runs from 1 January 2010 to 31 December 2012. 50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMRs, and other members of senior management.
|
24. |
Name of contact and telephone number for queries
Ms H Garratt - 020 7730 1111
|
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 9 June 2010 H Garratt - Deputy Company Secretary
|
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes should in block capital letters.
|
1. |
Name of the issuer
PREMIER OIL PLC |
2. |
State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
(i) and (iii)
|
|
3. |
Name of person discharging managerial responsibilities/director
A LODGE |
4. |
State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
|
|
5. |
Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1
PERSON NAMED IN 3.
|
6. |
Description of shares (including class), debentures or derivatives or financial instruments relating to shares
ORDINARY SHARES OF 50P EACH |
|
7. |
Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Greenwood Nominees Limited (for Employee Benefit Trust).
|
8. |
State the nature of the transaction
AWARD OF 33,303 PERFORMANCE SHARES UNDER THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN
|
|
9. |
Number of shares, debentures or financial instruments relating to shares acquired
- |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
|
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed
- |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
|
|
13. |
Price per share or value of transaction
-
|
14. |
Date and place of transaction
27.05.10 |
|
15. |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Total holding: 97,199 (comprising: 13,643 own shares, 22,126 nominee shares, 870 share options, 60,284 LTIP performance shares and 276 SIP shares)
Total percentage holding: 0.0835%
|
16. |
Date issuer informed of transaction
09.06.10
|
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
|
17. |
Date of grant
|
18. |
Period during which or date on which it can be exercised
|
|
19. |
Total amount paid (if any) for grant of the option
|
20. |
Description of shares or debentures involved (class and number)
|
|
21. |
Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
|
22. |
Total number of shares or debentures over which options held following notification
|
|
23. |
Any additional information
A grant of Performance Share Awards was made on 27 May 2010 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMRs.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares with a value on grant of up to 150% of salary which are subject to a total shareholder return ("TSR") performance condition. The performance condition applying to the Performance Share Awards will require the Company's TSR to be at least at the median of a comparator group comprising approximately 35 other oil companies. The performance period for this award runs from 1 January 2010 to 31 December 2012. 50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMRs, and other members of senior management.
|
24. |
Name of contact and telephone number for queries
Ms H Garratt - 020 7730 1111
|
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 9 June 2010 H Garratt - Deputy Company Secretary
|
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes should in block capital letters.
|
1. |
Name of the issuer
PREMIER OIL PLC |
2. |
State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
(i) and (iii)
|
|
3. |
Name of person discharging managerial responsibilities/director
N HAWKINGS |
4. |
State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
|
|
5. |
Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1
PERSON NAMED IN 3.
|
6. |
Description of shares (including class), debentures or derivatives or financial instruments relating to shares
ORDINARY SHARES OF 50P EACH |
|
7. |
Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Greenwood Nominees Limited (for Employee Benefit Trust).
|
8. |
State the nature of the transaction
AWARD OF 33,303 PERFORMANCE SHARES UNDER THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN
|
|
9. |
Number of shares, debentures or financial instruments relating to shares acquired
- |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
|
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed
- |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
|
|
13. |
Price per share or value of transaction
-
|
14. |
Date and place of transaction
27.05.10 |
|
15. |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Total holding: 281,667 (comprising: 58,395 own shares, 35,669 nominee shares, 2,414 share options, 91,689 AEP Matching Award shares, 29,329 Deferred Bonus Scheme shares, 62,737 LTIP performance shares and 1,434 SIP shares)
Total percentage holding: 0.2420%
|
16. |
Date issuer informed of transaction
09.06.10
|
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
|
17. |
Date of grant
|
18. |
Period during which or date on which it can be exercised
|
|
19. |
Total amount paid (if any) for grant of the option
|
20. |
Description of shares or debentures involved (class and number)
|
|
21. |
Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
|
22. |
Total number of shares or debentures over which options held following notification
|
|
23. |
Any additional information
A grant of Performance Share Awards was made on 27 May 2010 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMRs.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares with a value on grant of up to 150% of salary which are subject to a total shareholder return ("TSR") performance condition. The performance condition applying to the Performance Share Awards will require the Company's TSR to be at least at the median of a comparator group comprising approximately 35 other oil companies. The performance period for this award runs from 1 January 2010 to 31 December 2012. 50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMRs, and other members of senior management.
|
24. |
Name of contact and telephone number for queries
Ms H Garratt - 020 7730 1111
|
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 9 June 2010 H Garratt - Deputy Company Secretary
|
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes should in block capital letters.
|
1. |
Name of the issuer
PREMIER OIL PLC |
2. |
State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
(i) and (iii)
|
|
3. |
Name of person discharging managerial responsibilities/director
R ALLAN |
4. |
State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
|
|
5. |
Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1
PERSON NAMED IN 3.
|
6. |
Description of shares (including class), debentures or derivatives or financial instruments relating to shares
ORDINARY SHARES OF 50P EACH |
|
7. |
Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Greenwood Nominees Limited (for Employee Benefit Trust).
|
8. |
State the nature of the transaction
AWARD OF 33,303 PERFORMANCE SHARES UNDER THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN
|
|
9. |
Number of shares, debentures or financial instruments relating to shares acquired
- |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
|
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed
- |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
|
|
13. |
Price per share or value of transaction
-
|
14. |
Date and place of transaction
27.05.10 |
|
15. |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Total holding: 339,864 (comprising: 103,170 own shares, 55,871 nominee shares, 2,012 share options, 112,102 AEP Matching Award shares, 62,737 LTIP performance shares and 3,972 SIP shares)
Total percentage holding: 0.2920%
|
16. |
Date issuer informed of transaction
09.06.10
|
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
|
17. |
Date of grant
|
18. |
Period during which or date on which it can be exercised
|
|
19. |
Total amount paid (if any) for grant of the option
|
20. |
Description of shares or debentures involved (class and number)
|
|
21. |
Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
|
22. |
Total number of shares or debentures over which options held following notification
|
|
23. |
Any additional information
A grant of Performance Share Awards was made on 27 May 2010 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMRs.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares with a value on grant of up to 150% of salary which are subject to a total shareholder return ("TSR") performance condition. The performance condition applying to the Performance Share Awards will require the Company's TSR to be at least at the median of a comparator group comprising approximately 35 other oil companies. The performance period for this award runs from 1 January 2010 to 31 December 2012. 50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMRs, and other members of senior management.
|
24. |
Name of contact and telephone number for queries
Ms H Garratt - 020 7730 1111
|
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 9 June 2010 H Garratt - Deputy Company Secretary
|
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes should in block capital letters.
|
1. |
Name of the issuer
PREMIER OIL PLC |
2. |
State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
(i) and (iii)
|
|
3. |
Name of person discharging managerial responsibilities/director
A DURRANT |
4. |
State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
|
|
5. |
Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1
PERSON NAMED IN 3.
|
6. |
Description of shares (including class), debentures or derivatives or financial instruments relating to shares
ORDINARY SHARES OF 50P EACH |
|
7. |
Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Greenwood Nominees Limited (for Employee Benefit Trust).
|
8. |
State the nature of the transaction
AWARD OF 35,523 PERFORMANCE SHARES UNDER THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN
|
|
9. |
Number of shares, debentures or financial instruments relating to shares acquired
- |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
|
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed
- |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
|
|
13. |
Price per share or value of transaction
-`
|
14. |
Date and place of transaction
27.05.10 |
|
15. |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Total holding: 321,331 (comprising: 94,947 own shares, 56,412 nominee shares, 2,414 share options, 99,204 AEP Matching Award shares, 66,920 LTIP performance shares and 1,434 SIP shares)
Total percentage holding: 0.276%
|
16. |
Date issuer informed of transaction
09.06.10
|
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
|
17. |
Date of grant
|
18. |
Period during which or date on which it can be exercised
|
|
19. |
Total amount paid (if any) for grant of the option
|
20. |
Description of shares or debentures involved (class and number)
|
|
21. |
Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
|
22. |
Total number of shares or debentures over which options held following notification
|
|
23. |
Any additional information
A grant of Performance Share Awards was made on 27 May 2010 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMRs.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares with a value on grant of up to 150% of salary which are subject to a total shareholder return ("TSR") performance condition. The performance condition applying to the Performance Share Awards will require the Company's TSR to be at least at the median of a comparator group comprising approximately 35 other oil companies. The performance period for this award runs from 1 January 2010 to 31 December 2012. 50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMRs, and other members of senior management.
|
24. |
Name of contact and telephone number for queries
Ms H Garratt - 020 7730 1111
|
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 9 June 2010 H Garratt - Deputy Company Secretary
|
Related Shares:
PMO.L