17th Dec 2009 17:07
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. (ii) |
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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 |
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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 |
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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 LONG TERM INCENTIVE PLAN - GRANT OF 29,434 PERFORMANCE SHARE AWARDS |
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9. |
Number of shares, debentures or financial instruments relating to shares acquired N/A |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A |
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11. |
Number of shares, debentures or financial instruments relating to shares disposed N/A |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A |
|
13. |
Price per share or value of transaction N/A |
14. |
Date and place of transaction 28.08.2009 |
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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: 360,120 (comprising: 28,520 own shares; 2,012 share options; 30,621 bonus shares; 75,911 AEP shares, 189,780 Matching Award shares, 29,434 Performance Share Awards and 3,842 SIP shares) Total percentage holding: 0.314% |
16. |
Date issuer informed of transaction 17.12.2009 |
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
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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 |
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23. |
Any additional information SEE BELOW |
24. |
Name of contact and telephone number for queries H Garratt - 020 7730 1111 |
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Name and signature of duly authorised officer of issuer responsible for making notification Date of notification 17 December 2009 H D Garratt - Deputy Company Secretary |
23. A grant of Performance Share Awards was made on 28 August 2009 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMR's. The award was communicated to participants on 17 December 2009.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares in the Company 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 35 other oil companies. The performance period for this award runs from 1 June 2009 to 31 December 2011.
50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMR's 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. (ii) |
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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 |
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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 |
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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 LONG TERM INCENTIVE PLAN - GRANT OF 31,397 PERFORMANCE SHARE AWARDS |
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9. |
Number of shares, debentures or financial instruments relating to shares acquired N/A |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A |
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11. |
Number of shares, debentures or financial instruments relating to shares disposed N/A |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A |
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13. |
Price per share or value of transaction N/A |
14. |
Date and place of transaction 28.08.2009 |
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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: 317,947 (comprising: 46,350 owned shares, 2,414 options, 30,879 bonus shares, 58,743 AEP shares, 146,860 Matching Award shares, 31,397 Performance Share Awards and 1,304 SIP shares) Total percentage holding: 0.277% |
16. |
Date issuer informed of transaction 17.12.2009 |
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
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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 H Garratt - 020 7730 1111 |
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Name and signature of duly authorised officer of issuer responsible for making notification Date of notification 17 December 2009 H Garratt - Deputy Company Secretary |
23. A grant of Performance Share Awards was made on 28 August 2009 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMR's. The award was communicated to participants on 17 December 2009.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares in the Company 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 35 other oil companies. The performance period for this award runs from 1 June 2009 to 31 December 2011.
50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMR's 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. (ii) |
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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 |
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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
LONG TERM INCENTIVE PLAN - GRANT OF 29,434 PERFORMANCE SHARE AWARDS |
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9. |
Number of shares, debentures or financial instruments relating to shares acquired N/A |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A |
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed N/A |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A |
|
13. |
Price per share or value of transaction N/A |
14. |
Date and place of transaction 28.08.2009 |
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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: 274,868 (comprising: 3,569 own shares, 26,892 share options 28,731 bonus shares, 52,839 AEP shares, 132,099 Matching Award shares, 29,434 Performance Share Awards and 1,304 SIP shares) Total percentage holding: 0.24% |
16. |
Date issuer informed of transaction 17.12.2009 |
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
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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 H Garratt - 020 7730 1111 |
|
Name and signature of duly authorised officer of issuer responsible for making notification Date of notification 17 December 2009 H Garratt - Deputy Company Secretary |
23. A grant of Performance Share Awards was made on 28 August 2009 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMR's. The award was communicated to participants on 17 December 2009.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares in the Company 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 35 other oil companies. The performance period for this award runs from 1 June 2009 to 31 December 2011.
50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMR's 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. (ii) |
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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 LONG TERM INCENTIVE PLAN - GRANT OF 51,216 PERFORMANCE SHARE AWARDS |
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9. |
Number of shares, debentures or financial instruments relating to shares acquired N/A |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A |
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed N/A |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A |
|
13. |
Price per share or value of transaction N/A |
14. |
Date and place of transaction 28.08.2009 |
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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: 570,931 (comprising 75,166 owned shares, 1,160 share options, 41,432 bonus shares, 113,744 AEP shares, 284,362 Matching Award shares, 51,216 Performance Share Awards and 3,851 SIP shares) Total percentage holding: 0.498% |
16. |
Date issuer informed of transaction 17.12.2009 |
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 H Garratt - 020 7730 1111 |
|
Name and signature of duly authorised officer of issuer responsible for making notification Date of notification 17 December 2009 H Garratt - Deputy Company Secretary |
23. A grant of Performance Share Awards was made on 28 August 2009 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMR's. The award was communicated to participants on 17 December 2009.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares in the Company 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 35 other oil companies. The performance period for this award runs from 1 June 2009 to 31 December 2011.
50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMR's 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. (ii) |
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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 LONG TERM INCENTIVE PLAN - GRANT OF 26,981 PERFORMANCE SHARE AWARDS |
|
9. |
Number of shares, debentures or financial instruments relating to shares acquired N/A |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A |
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed N/A |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A |
|
13. |
Price per share or value of transaction N/A |
14. |
Date and place of transaction 28.08.2009 |
|
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: 70,651 (comprising 26,981 Performance Share Awards, 43,522 Conditional Share Awards and 148 SIP shares) Total percentage holding: 0.062% |
16. |
Date issuer informed of transaction 17.12.2009 |
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 H Garratt - 020 7730 1111 |
|
Name and signature of duly authorised officer of issuer responsible for making notification Date of notification 17 December 2009 H Garratt - Deputy Company Secretary |
23. A grant of Performance Share Awards was made on 28 August 2009 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMR's. The award was communicated to participants on 17 December 2009.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares in the Company 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 35 other oil companies. The performance period for this award runs from 1 June 2009 to 31 December 2011.
50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMR's 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 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 LONG TERM INCENTIVE PLAN - GRANT OF 20,408 PERFORMANCE SHARE AWARDS |
|
9. |
Number of shares, debentures or financial instruments relating to shares acquired N/A |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A |
|
11. |
Number of shares, debentures or financial instruments relating to shares disposed N/A |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A |
|
13. |
Price per share or value of transaction N/A |
14. |
Date and place of transaction 28.08.2009 |
|
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: 297,606 (comprising: 49,982 own shares, 1,160 share options, 19,524 bonus shares, 57,908 AEP shares, 144,773 Matching Award shares, 20,408 Performance Share Awards and 3,851 SIP shares) Total percentage holding: 0.26% |
16. |
Date issuer informed of transaction 17.12.2009 |
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 H Garratt - 020 7730 1111 |
|
Name and signature of duly authorised officer of issuer responsible for making notification Date of notification 17 December 2009 H Garratt - Deputy Company Secretary |
23. A grant of Performance Share Awards was made on 28 August 2009 under the Premier Oil plc Long Term Incentive Plan to all participants, including executive directors and PDMR's. The award was communicated to participants on 17 December 2009.
In accordance with the rules of the Plan, the Performance Share Award is granted over shares in the Company 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 35 other oil companies. The performance period for this award runs from 1 June 2009 to 31 December 2011.
50% of any shares vesting under the Performance Share Award will be subject to a mandatory deferral period of three years for executive directors, PDMR's and other members of senior management.
Related Shares:
PMO.L