11th Apr 2011 07:00
11 April 2011
LAMPRELL PLC
("Lamprell")
NOTIFICATION REGARDING TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
Further to the announcement made on 7 April 2011 regarding the grant of conditional awards of shares under the Lamprell plc 2008 Performance Share Plan, the transactions notified relating to Nigel R McCue, Chris Hand, Douglas James Benson, Kevin Isles and George Jacob did not take effect. Accordingly, the announcement of 7 April should be regarded as void. The total number of shares and options held are therefore:
Nigel R McCue | 188,461 shares and 535,211 options |
Chris Hand | 346,533 shares and 56,857 options |
Douglas James Benson | 268,241 shares and 51,870 options |
Kevin Isles | 446,801 shares and 55,787 options |
George Jacob | nil shares and 19,426 options |
-ends-
Enquiries:
Lamprell plc | +44 (0) 207 920 2347 |
Justin Tyler, Group General Counsel & Company Secretary | |
M:Communications, London | |
Patrick d'Ancona | +44 (0) 207 920 2347 |
Andrew Benbow | +44 (0) 207 920 2344 |
Notes to editors
Lamprell, based in the UAE, has played an increasingly prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialised services to the offshore oil and gas industry.
·; Lamprell's three primary facilities are in Port Khalid and the Hamriyah Free Zone, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, all of which are in the UAE.
·; The principal markets in which Lamprell operates, and the principal services it provides, are:
o Engineering, procurement and construction of jackup rigs, liftboats and drilling related equipment;
o Upgrade and refurbishment of offshore jackup rigs;
o New build construction for the offshore oil and gas sector, including Floating Production, Storage and Offloading systems and other offshore and onshore structures; and
o Oilfield engineering services, including the upgrade, refurbishment and new building of land rigs.
Related Shares:
LAM.L