4th Jun 2007 12:47
Premier Oil PLC04 June 2007 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 requiredby 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 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 DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) (iii) 3. Name of person discharging managerial responsibilities/director A R C 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 interest 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 shareholders(s) and, if more than one, the number of shares held by each of them PREMIER OIL UK EMPLOYEE BENEFIT TRUST 8. State the nature of the transaction COMPANY PURCHASE OF SECURITIESUNDER A "SIP" 9. Number of shares, debentures or financial instruments relating to shares acquired 22 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.000027% 11. Number of shares, debentures or financial instruments relating to shares disposed N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A 13. Price per share or value of transaction £11.059981 14. Date and place of transaction 01/06/2007 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: 158,941 (comprising: 30,000 owned shares, 101,973 options, 10,768 bonus shares, 15,574 AEP shares and 626 SIP shares) Total percentage holding: 0.194% 16. Date issuer informed of transaction 01/06/2007 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17. Date of grant N/A 18. Period during which or date on which it can be exercised N/A 19. Total amount paid (if any) for grant of the option N/A 20. Description of shares or debentures involved (class and number) N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise N/A 22. Total number of shares or debentures over which options held following notification N/A 23. Any additional information SEE ATTACHED (BELOW) 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 4 June 2007 H D Garratt - Deputy Company Secretary 23. Any additional information: the 22 shares acquired are split as follows:- 11 Partnership Shares 11 Matching Shares and will be held in trust for a period of three years after which Mr Durrant mayeither retain the shares in the trust until he chooses to withdraw them, orwithdraw the shares from the trust and either hold the shares in his name orsell them. Should an employee leave the SIP scheme before the end of the three year periodhe will lose the right to the Matching Shares, unless he leaves due to:- InjuryRedundancyTUPE transferRetirementDeathSale of the Company As an executive director Mr Durrant is deemed to have a beneficial interest inall of the shares held in the Premier Oil Employee Benefit Trust which currentlyholds 464,759 shares representing 0.57% of the Company's issued share capital. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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