1st Jul 2011 17:11
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)
|
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 12.5P 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 174,337 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
GRANT OF 265,860 MATCHING SHARE AWARDS UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN ("AEP")
|
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
28.06.11
|
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: 2,923,021 (comprising: 1,111,944 owned shares, 211,580 shares held in nominee account within the EBT, 3,480 share options, 106,344 AEP Deferred Shares, 835,816 AEP Matching Award Shares, 16,608 SIP shares, 610,993 LTIP Performance Shares and 26,256 Deferred Bonus Shares)
Total percentage holding: 0.6245%
| 16. | Date issuer informed of transaction
01.07.11
|
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
See below
| 24. | Name of contact and telephone number for queries
Mrs Julie Vickers - 020 7730 1111
|
23. Further to the announcement made on 31 March 2011, the Deferred Shares awarded to the executive directors and PDMR relating to the 2008 Award under the Premier Oil plc Asset and Equity Plan have been entered into a Matching Award scheme with a mandatory deferral period of three years, in accordance with the commitment made to shareholders. The number of shares comprised in the Matching Award "matches" the Deferred Shares by a maximum ratio of 2.5:1. Vesting will be on a proportionate basis, on the determination of the Performance Conditions and, to the extent that they have been satisfied, provided the Participant is still employed by the Premier Oil group at the time when the Matching Award vests.
Performance Share Awards are 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 30 other oil companies. The performance period for this award runs from 1 January 2011 to 31 December 2013. 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.
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 1 July 2011 S C Huddle - 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)
|
3. | Name of person discharging managerial responsibilities/director
A G 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 12.5P 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 90,074 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
GRANT OF 116,290 MATCHING SHARE AWARDS UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN ("AEP")
|
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
28.06.11 |
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: 736,150 (comprising: 137,980 owned shares, 27,888 shares held in nominee account within the EBT, 3,480 share options, 46,516 AEP Deferred Shares, 169,178 AEP Matching Award Shares, 331,210 LTIP Performance Shares, 18,108 Deferred Bonus Shares and 1,790 SIP shares)
Total percentage holding:0.1573%
| 16. | Date issuer informed of transaction
01.07.11
|
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
See below
| 24. | Name of contact and telephone number for queries
Mrs Julie Vickers - 020 7730 1111
|
23. Further to the announcement made on 31 March 2011, the Deferred Shares awarded to the executive directors and PDMR relating to the 2008 Award under the Premier Oil plc Asset and Equity Plan have been entered into a Matching Award scheme with a mandatory deferral period of three years, in accordance with the commitment made to shareholders. The number of shares comprised in the Matching Award "matches" the Deferred Shares by a maximum ratio of 2.5:1. Vesting will be on a proportionate basis, on the determination of the Performance Conditions and, to the extent that they have been satisfied, provided the Participant is still employed by the Premier Oil group at the time when the Matching Award vests.
Performance Share Awards are 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 30 other oil companies. The performance period for this award runs from 1 January 2011 to 31 December 2013. 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.
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 1 July 2011 S C Huddle 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)
|
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 12.5P 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 90,074 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
GRANT OF 183,350 MATCHING SHARE AWARDS UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN ("AEP")
|
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
28.06.11 |
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: 1,525,260 (comprising: 186,972 owned shares, 138,416 shares held by spouse, 91,672 shares held in nominee account within the EBT, 9,656 share options, 73,340 AEP Deferred Shares, 571,814 AEP Matching Award Shares, 105,948 Deferred Bonus Shares, 341,022 LTIP Performance Shares and 6,420 SIP shares)
Total percentage holding: 0.3259%
| 16. | Date issuer informed of transaction
01.07.11
|
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
See below
| 24. | Name of contact and telephone number for queries
Mrs J A Vickers - 020 7730 1111
|
23. Further to the announcement made on 31 March 2011, the Deferred Shares awarded to the executive directors and PDMR relating to the 2008 Award under the Premier Oil plc Asset and Equity Plan have been entered into a Matching Award scheme with a mandatory deferral period of three years, in accordance with the commitment made to shareholders. The number of shares comprised in the Matching Award "matches" the Deferred Shares by a maximum ratio of 2.5:1. Vesting will be on a proportionate basis, on the determination of the Performance Conditions and, to the extent that they have been satisfied, provided the Participant is still employed by the Premier Oil group at the time when the Matching Award vests.
Performance Share Awards are 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 30 other oil companies. The performance period for this award runs from 1 January 2011 to 31 December 2013. 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.
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 1 July 2011 S C Huddle - 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)
|
3. | Name of person discharging managerial responsibilities/director
R A 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 12.5P 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 90,074 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
GRANT OF 183,350 MATCHING SHARE AWARDS UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN ("AEP")
|
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
28.06.11 |
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: 1,396,424 (comprising: 169,716 owned shares, 146,212 shares held in nominee account within the EBT, 8,048 share options, 73,340 AEP Deferred Shares, 623,406 AEP Matching Award Shares, 341,022 LTIP Performance Shares, 18,108 Deferred Bonus Shares and 16,572 SIP shares)
Total percentage holding: 0.2984%
| 16. | Date issuer informed of transaction
01.07.11
|
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
See below
| 24. | Name of contact and telephone number for queries
Mrs J A Vickers - 020 7730 1111
|
23. Further to the announcement made on 31 March 2011, the Deferred Shares awarded to the executive directors and PDMR relating to the 2008 Award under the Premier Oil plc Asset and Equity Plan have been entered into a Matching Award scheme with a mandatory deferral period of three years, in accordance with the commitment made to shareholders. The number of shares comprised in the Matching Award "matches" the Deferred Shares by a maximum ratio of 2.5:1. Vesting will be on a proportionate basis, on the determination of the Performance Conditions and, to the extent that they have been satisfied, provided the Participant is still employed by the Premier Oil group at the time when the Matching Award vests.
Performance Share Awards are 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 30 other oil companies. The performance period for this award runs from 1 January 2011 to 31 December 2013. 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.
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 1 July 2011 S C Huddle - 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)
|
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 interest1
PERSON NAMED IN 3.
| 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares
ORDINARY SHARES OF 12.5P 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 98,791 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
GRANT OF 195,570 MATCHING SHARE AWARDS UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN ("AEP")
|
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
28.06.11 |
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: 1,828,517 (comprising: 625,744 owned shares, 148,308 shares held in nominee account within the EBT, 78,228 AEP Deferred Shares, 584,034 AEP Matching Award Shares, 366,471 LTIP Performance Shares, 19,312 Deferred Bonus Shares and 6,420 SIP shares)
Total percentage holding: 0.3907%
| 16. | Date issuer informed of transaction
01.07.11
|
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
See Below | 24. | Name of contact and telephone number for queries
Mrs J A Vickers - 020 7730 1111
|
23. Further to the announcement made on 31 March 2011, the Deferred Shares awarded to the executive directors and PDMR relating to the 2008 Award under the Premier Oil plc Asset and Equity Plan have been entered into a Matching Award scheme with a mandatory deferral period of three years, in accordance with the commitment made to shareholders. The number of shares comprised in the Matching Award "matches" the Deferred Shares by a maximum ratio of 2.5:1. Vesting will be on a proportionate basis, on the determination of the Performance Conditions and, to the extent that they have been satisfied, provided the Participant is still employed by the Premier Oil group at the time when the Matching Award vests.
Performance Share Awards are 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 30 other oil companies. The performance period for this award runs from 1 January 2011 to 31 December 2013. 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.
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 1 July 2011 S C Huddle - 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)
|
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 12.5P 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 50,481 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
GRANT OF 127,120 MATCHING SHARE AWARDS UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN ("AEP")
|
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
28.06.11
|
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: 1,263,049 shares (comprising: 442,376 owned shares, 104,852 shares held in nominee account within the Employee Benefit Trust ("EBT"), 3,480 share options, 50,848 AEP Deferred Shares, 419,312 AEP Matching Award Shares, 224,473 LTIP Performance Shares, 12,552 Deferred Bonus Shares and 5,156 SIP shares)
Total percentage holding: 0.2699%
| 16. | Date issuer informed of transaction
01.07.11
|
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)
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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
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23. | Any additional information
See below
| 24. | Name of contact and telephone number for queries
Mrs Julie Vickers - 020 7730 1111
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23. Further to the announcement made on 31 March 2011, the Deferred Shares awarded to the executive directors and PDMR relating to the 2008 Award under the Premier Oil plc Asset and Equity Plan have been entered into a Matching Award scheme with a mandatory deferral period of three years, in accordance with the commitment made to shareholders. The number of shares comprised in the Matching Award "matches" the Deferred Shares by a maximum ratio of 2.5:1. Vesting will be on a proportionate basis, on the determination of the Performance Conditions and, to the extent that they have been satisfied, provided the Participant is still employed by the Premier Oil group at the time when the Matching Award vests.
Performance Share Awards are 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 30 other oil companies. The performance period for this award runs from 1 January 2011 to 31 December 2013. 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.
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 1 July 2011 S C Huddle - Company Secretary
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NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS (CORRECTION)
By way of correction to the announcement released by the Company on 31 March 2011 at 17.02 under RNS Number 0665E, it should be noted that the correct total number of 50p Ordinary Shares in Premier Oil plc ("Ordinary Shares") held by Mr A G Lodge and any connected persons within the meaning of Section 252 of the Companies Act 2006 was 132,407 Ordinary Shares (0.1138% of the Company's issued Ordinary share capital as at 31 March 2011) and not 126,709 Ordinary Shares (0.1089% of the Company's issued Ordinary share capital) as stated in the announcement. This number comprises 19,341 owned shares and not 13,643 owned shares as stated.
This notification is made under DTR Rule 3.1.4.
Related Shares:
PMO.L