Petrofac Regulatory News (PFC)

3 Apr 2008 10:14

Petrofac Limited03 April 2008 3 April 2008 DIRECTOR / PDMR SHAREHOLDINGS PETROFAC LIMITED (the "Company") 1. In accordance with Disclosure and Transparency Rule 3.1.2, Mr Keith Roberts notified the Company on 2 April 2008 of the following transaction in the ordinary shares of US$0.025 each of the Company ("shares"): On 2 April 2008, Mr Keith Roberts entered into an unconditional contract with Boxsquare Limited, a company wholly owned by Mr Roberts. Under the contract, Boxsquare Limited has the right to acquire 2,070,000 shares from Mr Roberts in the future at their market value at the date of completion. There is currently no change in the legal or beneficial interests in the shares or the voting rights attached to them and Mr Roberts' total beneficial holding following this transaction remains at 2,120,000 comprising 0.61% of the current shares in issue. This transaction was entered into for personal tax planning reasons. The notification was made by Mr Roberts as a director and PDMR of the Company and in his capacity as a director and sole shareholder of Boxsquare Limited, his connected person. The Company has 345,434,858 shares in issue as at today's date and all shares have equal voting rights. 2. Prior to the Company's admission to listing on the Official List of the UK Listing Authority, certain shareholders, including Mr Roberts, agreed, in letters of undertaking given in favour of the Company and Credit Suisse First Boston and Lehman Brothers (the "Joint Lead Managers"), not to undertake any disposal of shares held on admission for an agreed period without the prior written consent of the Joint Lead Managers. Full details of these undertakings were set out in the Prospectus issued in connection with admission ("Prospectus") in September 2005. The Joint Lead Managers entered into a Deed of Waiver dated 2 April 2008 with Mr Roberts allowing him to enter into the transaction described in paragraph 1 above. Boxsquare Limited by a Lock-up Agreement dated 2 April 2008 will be bound by the terms of Mr Roberts' lock-in referred to in the Prospectus. The Company makes this notification in paragraph 2 in accordance with its obligations under Listing Rule 9.6.17. Contact for enquiries: Jonathan LowPetrofac Limited020 7811 4900 This information is provided by RNS The company news service from the London Stock Exchange