AFR.L Regulatory News (AFR)

30 Dec 2009 17:14



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).

Please complete all relevant boxes in block capital letters.

1. Name of the issuer

AFREN PLC

………………………………

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with section 793 of the Companies Act (2006); or (iii) a disclosure made in accordance with paragraph 26 of the Model Code.

(i) A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R

………………………………

3. Name of person discharging managerial responsibilities/director

MR OSMAN SHAHENSHAH 

………………………………

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

………………………………

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 interest

………………………………

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

………………………………

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

………………………………

8 State the nature of the transaction

………………………………

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

………………………………

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

………………………………

16. Date issuer informed of transaction

………………………………

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

30 DECEMBER 2009

………………………………

18. Period during which or date on which exercisable

SUBJECT TO THE PERFORMANCE REQUIREMENT THAT THE COMPANY'S SHARES MUST TRADE AT 140% OF THE EXERCISE PRICE FOR THREE MONTHS IN ORDER FOR THE OPTIONS TO VEST

20% AFTER ONE (1) YEAR OF GRANT;

20% AFTER TWO (2) YEARS OF GRANT; AND

60% AFTER THREE (3) YEARS OF GRANT

………………………………

19. Total amount paid (if any) for grant of the option

NIL

………………………………

20. Description of shares or debentures involved (class and number)

5,800,000 ORDINARY SHARES

………………………………

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

84.75 PENCE

………………………………

22. Total number of shares or debentures over which options held following notification

13,200,000 ORDINARY SHARES

………………………………

23. Any additional information

SHARE OPTION AWARD OVER ORDINARY SHARES OF 1P EACH ("ORDINARY SHARES") IN THE COMPANY UNDER THE AFREN PLC SHARE OPTION SCHEME 

………………………………

24. Name of contact and telephone number for queries

ELEKWACHI UKWU

+ 44 (0) 20745 197 55

………………………………

Name and signature of duly authorised officer of issuer responsible for making notification

SHIRIN JOHRI

………………………………

Date of notification

30 DECEMBER 2009

………………………………

END 

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).

Please complete all relevant boxes in block capital letters.

1. Name of the issuer

AFREN PLC

………………………………

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with section 793 of the Companies Act (2006); or (iii) a disclosure made in accordance with paragraph 26 of the Model Code.

A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R

………………………………

3. Name of person discharging managerial responsibilities/director

MR SHAHID ULLAH 

………………………………

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

………………………………

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 interest

………………………………

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

………………………………

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

………………………………

8 State the nature of the transaction

………………………………

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

………………………………

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

………………………………

16. Date issuer informed of transaction

………………………………

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

30 DECEMBER 2009

………………………………

18. Period during which or date on which it can be exercised

SUBJECT TO THE PERFORMANCE REQUIREMENT THAT THE COMPANY'S SHARES MUST TRADE AT 140% OF THE EXERCISE PRICE FOR THREE MONTHS IN ORDER FOR THE OPTIONS TO VEST

20% AFTER ONE (1) YEAR OF GRANT;

20% AFTER TWO (2) YEARS OF GRANT; AND

60% AFTER THREE (3) YEARS OF GRANT

………………………………

19. Total amount paid (if any) for grant of the option

NIL

………………………………

20. Description of shares or debentures involved (class and number)

1,500,000 ORDINARY SHARES

………………………………

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

84.75 PENCE

………………………………

22. Total number of shares or debentures over which options held following notification

3,000,000 ORDINARY SHARES

………………………………

23. Any additional information

SHARE OPTION AWARD OVER ORDINARY SHARES OF 1P EACH ("ORDINARY SHARES") IN THE COMPANY UNDER THE AFREN PLC SHARE OPTION SCHEME 

………………………………

24. Name of contact and telephone number for queries

ELEKWACHI UKWU

+ 44 (0) 20745 197 55

………………………………

Name and signature of duly authorised officer of issuer responsible for making notification

SHIRIN JOHRI

………………………………

Date of notification

30 DECEMBER 2009

………………………………

END 

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).

Please complete all relevant boxes in block capital letters.

1. Name of the issuer

AFREN PLC

………………………………

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with section 793 of the Companies Act (2006); or (iii) a disclosure made in accordance with paragraph 26 of the Model Code.

A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R

………………………………

3. Name of person discharging managerial responsibilities/director

MR CONSTANTINE OGUNBIYI 

………………………………

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

………………………………

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 interest

………………………………

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

………………………………

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

………………………………

8 State the nature of the transaction

………………………………

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

………………………………

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

………………………………

16. Date issuer informed of transaction

………………………………

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

30 DECEMBER 2009

………………………………

18. Period during which or date on which it can be exercised

SUBJECT TO THE PERFORMANCE REQUIREMENT THAT THE COMPANY'S SHARES MUST TRADE AT 140% OF THE EXERCISE PRICE FOR THREE MONTHS IN ORDER FOR THE OPTIONS TO VEST

20% AFTER ONE (1) YEAR OF GRANT;

20% AFTER TWO (2) YEARS OF GRANT; AND

60% AFTER THREE (3) YEARS OF GRANT

………………………………

19. Total amount paid (if any) for grant of the option

NIL

………………………………

20. Description of shares or debentures involved (class and number)

2,750,000 ORDINARY SHARES

………………………………

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

84.75 PENCE

………………………………

22. Total number of shares or debentures over which options held following notification

6,000,000 ORDINARY SHARES

………………………………

23. Any additional information

SHARE OPTION AWARD OVER ORDINARY SHARES OF 1P EACH ("ORDINARY SHARES") IN THE COMPANY UNDER THE AFREN PLC SHARE OPTION SCHEME 

………………………………

24. Name of contact and telephone number for queries

ELEKWACHI UKWU

+ 44 (0) 20745 197 55

………………………………

Name and signature of duly authorised officer of issuer responsible for making notification

SHIRIN JOHRI

………………………………

Date of notification

30 DECEMBER 2009

………………………………

END