Last checked at 30 Apr 2013 10:29
Director/PDMR Shareholding
EnQuest PLC (the "Company")
30 April 2013
Notification of Transactions by
Persons Discharging Management Responsibility ('PDMRs').
Pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, the Company hereby notifies that the Company's Remuneration Committee granted the following awards to Directors and PDMRs of Ordinary Shares of £0.05 each in the Company (the "Shares") under the EnQuest Performance Share Plan ("PSP") on 29 April 2013.
Awards granted to Directors and PDMRs on 29 April 2013 under the PSP were as follows:-
Director/PDMR | PSP Award 29 April 2013 | Total number of shares held under the PSP following the Award |
Amjad Bseisu | 490,000 | 1,464,880 |
Jonathan Swinney | 300,000 | 879,638 |
David Heslop | 120,000 | 240,000 |
On 29 April 2013, the PSP Awards granted to Directors and PDMRs were made in the form of nil-cost options (as permitted under the rules of the PSP) and will vest 100% on the third anniversary of the date of grant (29 April 2016), subject to the achievement of performance targets over three financial years (2013 to 2015) and continued employment with the EnQuest Group, each being exercisable up to the tenth anniversary of the date of grant.
If participants and their connected persons hold Shares outside the PSP (or any other Company share incentive scheme), separate announcements are made under the Disclosure and Transparency Rules as required.
Contact for enquiries:
EnQuest PLC
Paul Waters
Company Secretary
020 7925 4900