11th Apr 2012 16:45
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 186,532 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
|
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
22.03.2012
|
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: 3,519,078 comprising: 1,222,080 owned shares, 120,296 Nominee shares (within EBT) 3,480 share options, 106,344 AEP Deferred Shares, 227,581 LTIP Deferred Shares, 628,288 AEP Matching Award Shares, 568,952 LTIP Matching Award Shares 17,264 SIP shares, 592,661 LTIP Performance Shares and 32,132 Deferred Bonus Shares
Total percentage holding: 0.6653%
| 16. | Date issuer informed of transaction
10.04.2012
|
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
H Kawan - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 11 April 2012 H Kawan - Deputy Company Secretary
| |||
23. 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 2012 to 31 December 2014. 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.
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 96,785 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
|
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
22.03.2012 |
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: 1,342,552, comprising: 211,939 owned shares, 27,888 Nominee shares (within EBT), 3,480 share options, 46,516 AEP Deferred Shares, 154,081 LTIP Deferred Shares, 169,178 AEP Matching Award Shares, 385,202 LTIP Matching Award Shares, 320,071 LTIP Performance Shares, 21,751 Deferred Bonus Shares and 2,446 SIP shares)
Total percentage holding: 0.2538%
| 16. | Date issuer informed of transaction
10.04.2012
|
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
H Kawan - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 11 April 2012 H Kawan - Deputy Company Secretary
| |||
23. 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 2012 to 31 December 2014. 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.
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 96,785 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
|
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
22.03.2012 |
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: 2,038,504 comprising: 403,442 owned shares, 138,416 shares held by spouse, 56,128 Nominee shares (within EBT), 73,340 AEP Deferred Shares, 158,987 LTIP Deferred Shares, 421,190 AEP Matching Award Shares, 397,467 LTIP Matching Award Shares, 62,387 Deferred Bonus Shares, 320,071 LTIP Performance Shares and 7,076 SIP shares
Total percentage holding: 0.3854%
| 16. | Date issuer informed of transaction
10.04.2012
|
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
H Kawan - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 11 April 2012 H Kawan - Deputy Company Secretary
| |||
23. 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 2012 to 31 December 2014. 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.
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 96,785 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
|
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
22.03.2012 |
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: 1,940,410 comprising: 381,282 owned shares, 89,452 Nominee shares (within EBT), 8,048 share options, 73,340 AEP Deferred Shares, 158,987 LTIP Deferred Shares, 472,782 AEP Matching Award Shares, 397,467 LTIP Matching Award Shares, 320,071 LTIP Performance Shares, 21,751 Deferred Bonus Shares and 17,230 SIP shares
Total percentage holding: 0.3668%
| 16. | Date issuer informed of transaction
10.04.2012
|
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
H Kawan - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 11 April 2012 H Kawan - Deputy Company Secretary
| |||
23. 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 2012 to 31 December 2014. 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.
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 105,584 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
|
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
22.03.2012 |
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: 2,383,234 comprising: 842,850 owned shares, 81,700 Nominee shares (within EBT), 78,228 AEP Deferred Shares, 162,913 LTIP Deferred Shares, 433,410 AEP Matching Award Shares, 407,282 LTIP Matching Award Shares, 346,467 LTIP Performance Shares, 23,308 Deferred Bonus Shares and 7,076 SIP shares
Total percentage holding: 0.4505%
| 16. | Date issuer informed of transaction
10.04.2012
|
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
H Kawan - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 11 April 2012 H Kawan - Deputy Company Secretary
| |||
23. 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 2012 to 31 December 2014. 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.
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 53,367 PERFORMANCE SHARES UNDER THE TERMS OF THE PREMIER OIL PLC 2009 LONG TERM INCENTIVE PLAN ("LTIP")
|
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
22.03.2012
|
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: 1,459,658 comprising: 605,682 owned shares, 50,028 Nominee shares (within EBT), 3,480 share options, 50,848 AEP Deferred Shares, 75,381 LTIP Deferred Shares, 268,688 AEP Matching Award Shares, 188,452 LTIP Matching Award Shares, 196,208 LTIP Performance Shares, 15,079 Deferred Bonus Shares and 5,812 SIP shares
Total percentage holding: 0.2759%
| 16. | Date issuer informed of transaction
10.04.2012
|
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
H Kawan - 020 7730 1111
|
Name and signature of duly authorised officer of issuer responsible for making notification
Date of notification 11 April 2012 H Kawan - Deputy Company Secretary
| |||
23. 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 2012 to 31 December 2014. 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.
Related Shares:
PMO.L