30th Mar 2010 18:00
For immediate release 30 March 2010
PREMIER OIL PLC
("the Company")
Notification of Dealings in the Company's shares by Persons Discharging Managerial Responsibility ("PDMRs") and connected persons
The Company announces the following dealings by PDMRs in the Company's Ordinary Shares of 50p each ("Shares").
On 29 March 2010, the Company was informed that the following Shares had been granted, transferred to and sold by PDMRs, following the maturity of the 2007-2009 award under the Premier Oil plc Asset & Equity Plan (the "Asset & Equity Plan"):
|
PDMR |
Date of Award |
Number of Shares |
Number of Shares sold to settle tax liabilities (sold at £12.365 per Share)
|
Net number of Shares transferred |
|
S C LOCKETT |
26 March 2010 |
36,243 |
14,860 |
21,383 |
|
R A ALLAN |
26 March 2010 |
23,784 |
9,752 |
14,032 |
|
A R C DURRANT |
26 March 2010 |
23,784 |
9,752 |
14,032 |
|
N HAWKINGS |
26 March 2010 |
23,784 |
9,752 |
14,032 |
|
S C HUDDLE |
26 March 2010 |
14,157 |
5,805 |
8,352 |
|
A G LODGE |
26 March 2010 |
5,289 |
2,169 |
3,120 |
On 29 March 2010, the Company was informed that the following deferred shares have been awarded to PDMRs, following the maturity of the 2007-2009 award under the Asset & Equity Plan:
|
PDMR |
Date of Award |
Number of Deferred Shares |
Award Price per share
|
Earliest Vesting Date |
|
S C LOCKETT |
26 March 2010 |
36,243 |
£12.11 |
01.01.2013 |
|
R A ALLAN |
26 March 2010 |
23,784 |
£12.11 |
01.01.2013 |
|
A R C DURRANT |
26 March 2010 |
23,784 |
£12.11 |
01.01.2013 |
|
N HAWKINGS |
26 March 2010 |
23,784 |
£12.11 |
01.01.2013 |
|
S C HUDDLE |
26 March 2010 |
14,157 |
£12.11 |
01.01.2013 |
|
A G LODGE |
26 March 2010 |
5,289 |
£12.11 |
01.01.2013 |
In accordance with the commitment made to shareholders, deferred shares awarded to PDMRs 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.
On 29 March 2010, the following Shares were transferred to and sold by PDMRs in connection with a Matching Award granted in 2007 under the Company's Asset & Equity Plan:
|
PDMR |
Number of Shares transferred |
Number of Shares sold to settle tax liabilities (sold at £12.365 per Share)
|
Net number of Shares transferred |
|
S C LOCKETT |
81,328 |
33,345 |
47,983 |
|
R A ALLAN |
56,954 |
23,351 |
33,603 |
|
A R C DURRANT |
29,965 |
12,286 |
17,679 |
|
N HAWKINGS |
25,409 |
10,418 |
14,991 |
|
S C HUDDLE |
40,101 |
16,442 |
23,659 |
On 29 March 2010, the following Shares were transferred to and sold by PDMRs in connection with awards granted under the Company's Deferred Bonus Share Plan 2006:
|
PDMR |
Number of Shares transferred |
Number of Shares sold to settle tax liabilities (sold at £12.365 per Share)
|
Net number of Shares transferred |
|
S C LOCKETT |
43,957 |
18,024 |
25,933 |
|
R A ALLAN |
31,219 |
12,801 |
18,418 |
|
A R C DURRANT |
32,154 |
13,185 |
18,969 |
|
S C HUDDLE |
20,195 |
8,281 |
11,914 |
Note: these awards were made in January 2008, 2009 and 2010 in respect of the deferred element of previous annual bonus awards. The net number of Shares delivered pursuant to these awards continue to be subject to the terms of the Deferred Bonus Share Plan 2006.
On 29 March 2010, the following Shares were transferred to and sold by PDMRs in connection with awards granted under the Company's Asset & Equity Plan:
|
PDMR |
Number of Shares transferred |
Number of Shares sold to settle tax liabilities (sold at £12.365 per Share)
|
Net number of Shares transferred |
|
S C LOCKETT |
98,251 |
40,284 |
57,967 |
|
R A ALLAN |
63,465 |
26,022 |
37,443 |
|
A R C DURRANT |
63,465 |
26,022 |
37,443 |
|
N HAWKINGS |
60,459 |
24,790 |
35,669 |
|
S C HUDDLE |
46,555 |
19,089 |
27,466 |
|
A G LODGE |
5,289 |
2,169 |
3,120 |
Note: these awards were made in January 2008, April 2009 and March 2010 in the form of deferred shares. The net number of Shares delivered pursuant to these awards continue to be subject to the terms of the Asset & Equity Plan.
On 29 March 2010, the following Shares were transferred to and sold by PDMRs in connection with awards granted under a Share Award Agreement.
|
PDMR |
Number of Shares transferred |
Number of Shares sold to settle tax liabilities (sold at £12.365 per Share)
|
Net number of Shares transferred |
|
A G LODGE |
43,522 |
17,845 |
25,677 |
Note: these awards were made in April 2009 in the form of deferred shares. The net number of Shares delivered pursuant to these awards continue to be subject to the terms of the Share Award Agreement.
No consideration was payable in connection with the vesting of any of these awards.
The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.
30 March 2010
Enquiries: 0207 730 1111
Related Shares:
PMO.L