27 Mar 2017 17:59
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
Premier Oil plc (the "Company") hereby notifies the market of the following transactions of which it has been notified under Article 19.1 of the EU Market Abuse Regulation ("MAR"), relating to:
· The acquisition of Ordinary Shares (after the withholding of sufficient shares to cover the associated income tax and National Insurance liabilities) pursuant to the vesting of deferred shares awarded in May 2013 under the Company's 2009 Long Term Incentive Plan
· Transfer of Ordinary Shares to spouse.
· The acquisition of Ordinary Shares (after the withholding of sufficient shares to cover the associated income tax and National Insurance liabilities) pursuant to the vesting of a conditional share award granted in September 2014.
Andy GibbGroup General Counsel/Company SecretaryPremier Oil plc+44 (0)20 7730 1111
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The information set out below is provided in accordance with the requirements of Article 19(3) of MAR.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Tony Durrant | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Premier Oil plc | ||||
b) | LEI | 213800YPC42DYBKVPF97 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 12.5 pence each GB00B43G0577 | ||||
b) | Nature of the transaction | (i) Acquisition of Ordinary Shares pursuant to the vesting of deferred shares under the terms of the Company's 2009 Long Term Incentive Plan; (ii) Withholding of Ordinary Shares to cover income tax and National Insurance liabilities; (iii) Transfer of the balance of Ordinary Shares to spouse. | ||||
c) | Price(s) and volume(s) |
1 Closing middle market quotation of the Company's Ordinary Shares (as derived from the London Stock Exchange Daily Official List) on dealing day immediately preceding the vesting date of 23 March 2017. 2 This figure is the net number of Ordinary Shares released following the withholding of Shares to cover income tax and National Insurance contributions due on vesting. | ||||
d) | Aggregated information
|
33,851 Nil | ||||
e) | Date of the transaction | 2017-03-23 | ||||
f) | Place of the transaction | Not applicable | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Jan Newton Durrant | ||||
2 | Reason for the notification | |||||
a) | Position/status | Person closely associated with Tony Durrant, Chief Executive Officer ("PDMR") | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Premier Oil plc | ||||
b) | LEI | 213800YPC42DYBKVPF97 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 12.5 pence each GB00B43G0577 | ||||
b) | Nature of the transaction | Acquisition of Ordinary Shares for nil consideration from spouse | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
33,851 Nil | ||||
e) | Date of the transaction | 2017-03-23 | ||||
f) | Place of the transaction | Not applicable | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Robin Allan | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director, North Sea and Exploration | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Premier Oil plc | ||||
b) | LEI | 213800YPC42DYBKVPF97 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 12.5 pence each GB00B43G0577 | ||||
b) | Nature of the transaction | (i) Acquisition of Ordinary Shares pursuant to the vesting of deferred shares under the terms of the Company's 2009 Long Term Incentive Plan; (ii) Withholding of Ordinary Shares to cover income tax and National Insurance liabilities; (iii) Transfer of the balance of Ordinary Shares to the PDMR. | ||||
c) | Price(s) and volume(s) |
1 Closing middle market quotation of the Company's Ordinary Shares (as derived from the London Stock Exchange Daily Official List) on dealing day immediately preceding the vesting date of 23 March 2017. 2 This figure is the net number of Shares released following the withholding of Ordinary Shares to cover income tax and National Insurance contributions due on vesting. | ||||
d) | Aggregated information
|
32,201 Nil | ||||
e) | Date of the transaction | 2017-03-23 | ||||
f) | Place of the transaction | Not applicable | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Richard Rose | ||||
2 | Reason for the notification | |||||
a) | Position/status | Finance Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Premier Oil plc | ||||
b) | LEI | 213800YPC42DYBKVPF97 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 12.5 pence each GB00B43G0577 | ||||
b) | Nature of the transaction | (i) Acquisition of Ordinary Shares pursuant to the vesting of a conditional share award granted in September 2014; (ii) Withholding of Ordinary Shares to cover income tax and National Insurance liabilities; (iii) Transfer of the balance of Ordinary Shares to the PDMR. | ||||
c) | Price(s) and volume(s) |
1 Closing middle market quotation of the Company's Ordinary Shares (as derived from the London Stock Exchange Daily Official List) on dealing day immediately preceding the vesting date of 23 March 2017 2 This figure is the net number of Ordinary Shares released following the withholding of Shares to cover tax and National Insurance contributions due on vesting. | ||||
d) | Aggregated information
|
13,851 Nil | ||||
e) | Date of the transaction | 2017-03-23 | ||||
f) | Place of the transaction | Not applicable | ||||