31st Mar 2011 17:02
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 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
1. AWARD OF DEFERRED SHARES UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN (AEP).
2. AWARD OF SHARES UNDER THE TERMS OF THE AEP AND SALE OF SHARES TO COVER TAX & NI LIABILITY ARISING THEREON.
3. AWARD OF DEFERRED BONUS SHARES UNDER THE TERMS OF THE PREMIER OIL PLC DEFERRED BONUS SHARE PLAN.
|
9. | Number of shares, debentures or financial instruments relating to shares acquired
SHARES: 26,585 DEFERRED SHARES: 26,586 DEFERRED BONUS SHARES: 6,564 | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
SHARES: 0.0228% DEFERRED SHARES: 0.0228% DEFERRED BONUS SHARES: 0.0056%
|
11. | Number of shares, debentures or financial instruments relating to shares disposed
13,559 SHARES | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.0116%
|
13. | Price per share or value of transaction
AWARD PRICE PER SHARE: £19.88 SALE PRICE PER SHARE: £19.995537
| 14. | Date and place of transaction
25.03.11
|
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: 620,667 shares (comprising: 277,986 own shares, 52,895 nominee shares, 26,586 AEP Deferred Shares, 142,489 AEP Matching Award Shares, 109,164 LTIP Performance Shares, 6,564 Deferred Bonus Shares, 870 share options and 4,113 SIP shares)
Total percentage holding: 0.5332%
| 16. | Date issuer informed of transaction
30.03.2011
|
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 BELOW | 24. | Name of contact and telephone number for queries
Mrs J Vickers - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 31 March 2011 S C Huddle - Company Secretary
|
23. The Shares and the Deferred Shares have been awarded pursuant to the maturity of the 2008-2010 Award under the terms of the Premier Oil plc Asset and Equity Plan. Sufficient Shares were sold to cover the income tax and National Insurance liability arising upon award of the Shares.
In accordance with the commitment made to shareholders, the Deferred Shares will be entered into a Matching Award scheme with a mandatory deferral period of three years. A further announcement will be made when the Matching Award has been granted.
In respect of the Deferred Bonus Share Award, bonuses for the year ended 31 December 2010 were decided on the basis of performance against a number of targets including finance and organisation; production and development; exploration; and health, safety, environment and security. The Deferred Bonus Shares will vest on the third anniversary of the date of the award.
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 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
1. AWARD OF DEFERRED SHARES UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN (AEP).
2. AWARD OF SHARES UNDER THE AEP AND WITHHOLDING OF SHARES TO COVER TAX LIABILITY ARISING THEREON*.
3. AWARD OF DEFERRED BONUS SHARES UNDER THE TERMS OF THE PREMIER OIL PLC DEFERRED BONUS SHARE PLAN.
* As an expatriate, Mr R A Allan is not subject to UK income tax. A percentage of the Shares have been withheld by the Trust equal to the percentage tax rate that would have applied had he been subject to UK income tax. The Company will pay any overseas tax payable by Mr R A Allan as a result of the vesting of his Shares. |
9. | Number of shares, debentures or financial instruments relating to shares acquired
SHARES: 18,335 AEP DEFERRED SHARES: 18,335 DEFERRED BONUS SHARES: 4,527 | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
SHARES: 0.0158% AEP DEFERRED SHARES: 0.158% DEFERRED BONUS SHARES: 0.0039%
|
11. | Number of shares, debentures or financial instruments relating to shares disposed
SHARES WITHHELD: 9,168 | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.0079%
|
13. | Price per share or value of transaction
AWARD PRICE PER SHARE: £19.88 VALUE OF SHARES WITHHELD: £19.995537
| 14. | Date and place of transaction
25.03.11
|
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: 400,711 shares (comprising: 162,429 own shares, 36,553 nominee shares, 18,335 Deferred Shares, 4,527 Deferred Bonus Shares, 110,014 Matching Award shares, 62,737 LTIP Performance Shares 2,012 options and 4,104 SIP shares)
Total percentage holding: 0.3443%
| 16. | Date issuer informed of transaction
30.03.2011
|
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 BELOW | 24. | Name of contact and telephone number for queries
Mrs J Vickers - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 31 March 2011 S C Huddle - Company Secretary
|
23. The Shares and the Deferred Shares have been awarded pursuant to the maturity of the 2008-2010 Award under the terms of the Premier Oil plc Asset and Equity Plan. Sufficient Shares were sold to cover the income tax and National Insurance liability arising upon award of the Shares.
In accordance with the commitment made to shareholders, the Deferred Shares will be entered into a Matching Award scheme with a mandatory deferral period of three years. A further announcement will be made when the Matching Award has been granted.
In respect of the Deferred Bonus Share Award, bonuses for the year ended 31 December 2010 were decided on the basis of performance against a number of targets including finance and organisation; production and development; exploration; and health, safety, environment and security. The Deferred Bonus Shares will vest on the third anniversary of the date of the award.
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 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
1. AWARD OF DEFERRED SHARES UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN (AEP).
2. AWARD OF SHARES UNDER THE AEP AND SALE OF SHARES TO COVER TAX & NI LIABILITY ARISING THEREON.
3. AWARD OF DEFERRED BONUS SHARES UNDER THE TERMS OF THE PREMIER OIL PLC DEFERRED BONUS SHARE PLAN.
|
9. | Number of shares, debentures or financial instruments relating to shares acquired
SHARES: 19,557 DEFERRED SHARES: 19,557 DEFERRED BONUS SHARES: 4,828
| 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
SHARES: 0.0168% DEFERRED SHARES: 0.0168% DEFERRED BONUS SHARES: 0.0041% |
11. | Number of shares, debentures or financial instruments relating to shares disposed
9,975 SHARES
| 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.0086%
|
13. | Price per share or value of transaction
AWARD PRICE PER SHARE: £19.88 SALE PRICE PER SHARE: £19.995537
| 14. | Date and place of transaction
25.03.11
|
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: 383,500 shares (comprising: 154,022 own shares, 37,077 nominee shares, 19,557 AEP Deferred Shares, 97,116 AEP Matching Award Shares, 4,828 Deferred Bonus Shares, 66,920 LTIP Performance Shares, 2,414 share options and 1,566 SIP shares)
Total percentage holding: 0.3295%
| 16. | Date issuer informed of transaction
30.03.2011
|
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 BELOW | 24. | Name of contact and telephone number for queries
Mrs J Vickers - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 31 March 2011 S C Huddle - Company Secretary
|
23. The Shares and the Deferred Shares have been awarded pursuant to the maturity of the 2008-2010 Award under the terms of the Premier Oil plc Asset and Equity Plan. Sufficient Shares were sold to cover the income tax and National Insurance liability arising upon award of the Shares.
In accordance with the commitment made to shareholders, the Deferred Shares will be entered into a Matching Award scheme with a mandatory deferral period of three years. A further announcement will be made when the Matching Award has been granted.
In respect of the Deferred Bonus Share Award, bonuses for the year ended 31 December 2010 were decided on the basis of performance against a number of targets including finance and organisation; production and development; exploration; and health, safety, environment and security. The Deferred Bonus Shares will vest on the third anniversary of the date of the award..
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 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
1. AWARD OF DEFERRED SHARES UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN (AEP).
2. AWARD OF SHARES UNDER THE AEP AND SALE OF SHARES TO COVER TAX & NI LIABILITY ARISING THEREON.
3. AWARD OF DEFERRED BONUS SHARES UNDER THE TERMS OF THE PREMIER OIL PLC DEFERRED BONUS SHARE PLAN.
|
9. | Number of shares, debentures or financial instruments relating to shares acquired
SHARES: 18,335 AEP DEFERRED SHARES: 18,335 DEFERRED BONUS SHARES: 4,527 | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
SHARES: 0.0158% AEP DEFERRED SHARES: 0.0158% DEFERRED BONUS SHARES: 0.0039%
|
11. | Number of shares, debentures or financial instruments relating to shares disposed
9,351 SHARES
| 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.0078% |
13. | Price per share or value of transaction
AWARD PRICE PER SHARE: £19.88 SALE PRICE PER SHARE: £19.995537
| 14. | Date and place of transaction
25.03.11
|
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: 318,113 shares (comprising: 46,741 own shares, 34,604 shares held by spouse, 22,918 nominee shares, 18,335 AEP Deferred Shares, 97,116 AEP Matching Award shares, 26,487 Deferred Bonus Shares, 62,737 LTIP Performance Shares, 2,414 share options and 1,566 SIP shares)
Total percentage holding: 0.2733%
| 16. | Date issuer informed of transaction
30.03.2011
|
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 BELOW | 24. | Name of contact and telephone number for queries
Mrs J Vickers - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 31 March 2011 S C Huddle - Company Secretary
|
23. The Shares and the Deferred Shares have been awarded pursuant to the maturity of the 2008-2010 Award under the terms of the Premier Oil plc Asset and Equity Plan. Sufficient Shares were sold to cover the income tax and National Insurance liability arising upon award of the Shares.
In accordance with the commitment made to shareholders, the Deferred Shares will be entered into a Matching Award scheme with a mandatory deferral period of three years. A further announcement will be made when the Matching Award has been granted.
In respect of the Deferred Bonus Share Award, bonuses for the year ended 31 December 2010 were decided on the basis of performance against a number of targets including finance and organisation; production and development; exploration; and health, safety, environment and security. The Deferred Bonus Shares will vest on the third anniversary of the date of the award.
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 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
1. AWARD OF DEFERRED SHARES UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN (AEP).
2. AWARD OF SHARES UNDER THE AEP AND SALE OF SHARES TO COVER TAX & NI LIABILITY ARISING THEREON.
3. AWARD OF DEFERRED BONUS SHARES UNDER THE TERMS OF THE PREMIER OIL PLC DEFERRED BONUS SHARE PLAN.
|
9. | Number of shares, debentures or financial instruments relating to shares acquired
SHARES: 11,629 AEP DEFERRED SHARES: 11,629 DEFERRED BONUS SHARES: 4,527
| 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
SHARES: 0.0100% AEP DEFERRED SHARES: 0.0100% DEFERRED BONUS SHARES: 0.0039%
|
11. | Number of shares, debentures or financial instruments relating to shares disposed
5,931 SHARES
| 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.0051% |
13. | Price per share or value of transaction
AWARD PRICE PER SHARE: £19.88 SALE PRICE PER SHARE: £19.995537
| 14. | Date and place of transaction
25.03.11
|
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: 126,709 shares (comprising: 13,643 own shares, 22,126 nominee shares, 11,629 AEP Deferred Shares, 13,222 AEP Matching Award Shares, 60,284 LTIP Performance Shares, 4,527 Deferred Bonus Shares, 870 share options and 408 SIP shares)
Total percentage holding: 0.1089%
| 16. | Date issuer informed of transaction
30.03.2011
|
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 BELOW
| 24. | Name of contact and telephone number for queries
Mrs J Vickers - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 31 March 2011 S C Huddle - Company Secretary |
23. The Shares and the Deferred Shares have been awarded pursuant to the maturity of the 2008-2010 Award under the terms of the Premier Oil plc Asset and Equity Plan. Sufficient Shares were sold to cover the income tax and National Insurance liability arising upon award of the Shares.
In accordance with the commitment made to shareholders, the Deferred Shares will be entered into a Matching Award scheme with a mandatory deferral period of three years. A further announcement will be made when the Matching Award has been granted.
In respect of the Deferred Bonus Share Award, bonuses for the year ended 31 December 2010 were decided on the basis of performance against a number of targets including finance and organisation; production and development; exploration; and health, safety, environment and security. The Deferred Bonus Shares will vest on the third anniversary of the date of the award.
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 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
1. AWARD OF DEFERRED SHARES UNDER THE TERMS OF THE PREMIER OIL PLC ASSET & EQUITY PLAN (AEP).
2. AWARD OF SHARES UNDER THE AEP AND SALE OF SHARES TO COVER TAX & NI LIABILITY ARISING THEREON.
3. AWARD OF DEFERRED BONUS SHARES UNDER THE TERMS OF THE PREMIER OIL PLC DEFERRED BONUS SHARE PLAN.
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9. | Number of shares, debentures or financial instruments relating to shares acquired
SHARES: 12,712 AEP DEFERRED SHARES: 12,712 DEFERRED BONUS SHARES: 3,138 | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
SHARES: 0.0109% AEP DEFERRED SHARES: 0.0109% DEFERRED BONUS SHARES: 0.0027%
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11. | Number of shares, debentures or financial instruments relating to shares disposed
6,484 SHARES | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.0056%
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13. | Price per share or value of transaction
AWARD PRICE PER SHARE: £19.88 SALE PRICE PER SHARE: £19.995537
| 14. | Date and place of transaction
25.03.11
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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: 306,186 shares (comprising: 142,594 own shares, 26,213 nominee shares, 12,712 AEP Deferred Shares, 73,048 AEP Matching Award Shares, 43,498 LTIP Performance Shares, 3,138 Deferred Bonus Shares, 870 share options and 4,113 SIP shares)
Total percentage holding: 0.2631%
| 16. | Date issuer informed of transaction
30.03.2011
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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
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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 BELOW | 24. | Name of contact and telephone number for queries
Mrs J Vickers - 020 7730 1111
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Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 31 March 2011 S C Huddle - Company Secretary
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23. The Shares and the Deferred Shares have been awarded pursuant to the maturity of the 2008-2010 Award under the terms of the Premier Oil plc Asset and Equity Plan. Sufficient Shares were sold to cover the income tax and National Insurance liability arising upon award of the Shares.
In accordance with the commitment made to shareholders, the Deferred Shares will be entered into a Matching Award scheme with a mandatory deferral period of three years. A further announcement will be made when the Matching Award has been granted.
In respect of the Deferred Bonus Share Award, bonuses for the year ended 31 December 2010 were decided on the basis of performance against a number of targets including finance and organisation; production and development; exploration; and health, safety, environment and security. The Deferred Bonus Shares will vest on the third anniversary of the date of the award.
Related Shares:
PMO.L