26 Mar 2014 17:30
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Premier Oil plc ("the Company")
Premier Oil plc Deferred Bonus Share Plan ("DBSP")Release of deferred shares
The Company's Employee Benefit Trust has today satisfied the release of shares detailed below, to the Persons Discharging Managerial Responsibility named below, pursuant to the maturity of awards under the terms of the Company's Deferred Bonus Share Plan (the "Plan"). The awards released consisted of awards made on 23 March 2011 in relation to the financial year ending 31 December 2010 along with dividend equivalent awards made on 14 June 2013. Sufficient shares were withheld to cover the income tax and National Insurance contributions falling due on release of the shares resulting in the net share transfers shown below. The share price used to determine the income tax and National Insurance liabilities due was the closing mid market quotation for shares in the Company on 24 March 2014, £2.8795 per share.
Director | Gross number of Deferred Shares scheduled for release under the DBSP | Number of shares withheld to cover income tax and National Insurance contributions due on release of shares | Net number of Deferred Shares transferred to Director | |
Original award 25.03.11 | Dividend equivalent award 14.06.13 | |||
Simon Lockett | 26,256 | 345 | (12,503) | 14,098 |
Robin Allan | 18,108 | 238 | (8,623) | 9,723 |
Anthony Durrant | 19,312 | 254 | (9,197) | 10,369 |
Neil Hawkings | 18,108 | 238 | (8,623) | 9,723 |
Andrew Lodge | 18,108 | 238 | (8,623) | 9,723 |
Date Company notified: 26 March 2014
Date of notification: 26 March 2014
Rachel Benjamin
Premier Oil plc
+44 (0)20 7730 1111
Copies of Premier's announcements are available on the corporate website: www.premier-oil.com.