20 May 2020 16:30
Premier Oil plc (the "Company")
Posting of 2019 Annual Report and Financial Statementsand Notice of Annual General Meeting
20 May 2020
Further to the announcement made by the Company on 22 April 2020 regarding a deferral of its 2020 Annual General Meeting ("AGM") to 25 June 2020, the Company has today posted to shareholders the 2019 Annual Report and Financial Statements and the Notice of AGM. Copies of both documents are also available on the Company's website at www.premier-oil.com.
Given the current restrictions put in place by the UK Government regarding public gatherings, the Company strongly encourages shareholders to vote by proxy as attendance at the AGM will not be possible and anyone seeking to attend the meeting will be refused entry. Arrangements will be made by the Company to ensure that the minimum number of shareholders required to form a quorum will attend the meeting in order that the meeting may proceed and the business concluded.
The AGM will be available via webcast on the Company's website and shareholders will also have the opportunity to submit questions to the meeting in advance. Further details can be found in the Notice of AGM. Any changes to the arrangements described in the Notice of AGM will be announced by RNS and on the Company's website.
In accordance with Listing Rule 9.6.1., copies of the Notice of AGM and related form of proxy have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
In view of the decision to delay the AGM and the consequent extended gap between Annual Report publication and issuance of the Notice of AGM, updated disclosures on Directors' interests and significant shareholdings are provided in the appendix below.
Further enquiries:
Company Secretariat:Daniel Rose Tel: +44 (0)20 7824 1014
Investor Relations:Elizabeth Brooks Tel: +44 (0)20 7824 1116
Appendix
Statement of Directors' Shareholdings
Director | Shares owned outright as at31 December 2019 | Shares owned outright as at20 May 2020 |
Robin Allan | 663,505 | 702,522 |
Dave Blackwood | 10,000 | 10,000 |
Anne Marie Cannon | 10,000 | 10,000 |
Tony Durrant | 1,670,499 | 1,749,217 |
Roy A Franklin | 60,000 | 60,000 |
Barbara Jeremiah | - | 10,000 |
Iain Macdonald | 23,076 | 23,076 |
Elisabeth Proust1 | - | 10,000 |
Richard Rose | 236,744 | 273,725 |
Mike Wheeler | 30,000 | 30,000 |
1 Elisabeth Proust joined the Board on 1 April 2020.
Significant Shareholdings
As at 20 May 2020, the Company had received notification from the institutions below of their significant holdings of voting rights (3 per cent or more) in its Ordinary Shares:
Name of shareholder | Date of notification to the stock exchange | Notified number of voting rights | Notified percentage of voting rights | Nature of holding |
Goldman Sachs Group, Inc | 14.05.2020 | 65,245,441 | 7.77% | Indirect |
Morgan Stanley | 19.05.2020 | 52,720,745 | 6.28% | Indirect |
Baillie Gifford & Co | 04.01.2019 | 41,626,147 | 5.09% | Indirect |
Schroders plc | 01.05.2020 | 42,432,501 | 5.05% | Indirect |
Dimensional Fund Advisors LP | 13.07.2018 | 38,917,945 | 5.02% | Direct & Indirect |
AXA Investment Managers SA | 03.03.2017 | 23,907,981 | 4.68% | Indirect |
Artemis Investment Management LLP | 13.05.2015 | 25,451,951 | 4.98% | Direct & Indirect |
Ameriprise Financial Inc | 20.01.2012 | 24,666,346 | 4.66% | Direct & Indirect |
Aviva plc and its subsidiaries 1 | 27.04.2009 | 3,933,529 | 4.95% | Direct & Indirect |
1 Interests shown for Aviva plc and its subsidiaries pre-date the Share Split in 2011.