Petrofac Limited, GB00B0H2K534

Petrofac Limited / GB00B0H2K534

18.03.2025 - 12:31:38

Petrofac Limited: Director/PDMR shareholding

Petrofac Limited ( PFC)


18-March-2025 / 11:31 GMT/BST


18 March 2025            Petrofac Limited (the ‘Company’)   Notification of Transactions by Persons Discharging Managerial Responsibilities     Pursuant to the Company’s obligations under Market Abuse Regulation 19, the Company hereby notifies that Tareq Kawash, Group Chief Executive, became entitled on 17 March 2025 to 357,398 ordinary Shares of US$0.02 each in the Company at nil cost, following the automatic vesting of approximately one half of the Shares awarded to him under the Petrofac Deferred Bonus Plan on 3 May 2023.      Mr Kawash now holds 378,270 Shares representing 0.071 per cent of the total voting rights of the Company. A total of 168,281 Shares were sold on 17 March 2025 at 6.5875 pence per Share to satisfy the arising tax liability.   The Company's issued share capital consists of 528,874,000 Shares with voting rights. Each Share carries the right to one vote. The Company does not hold any Shares in Treasury.   Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them  
1   Details of the person discharging managerial responsibilities / person closely associated  
a)   Name      Tareq Kawash  
2   Reason for the notification  
a)   Position/status     Group Chief Executive
b)   Initial notification /Amendment     Initial Notification
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  
a)   Name     Petrofac Limited
b)   LEI     2138004624W8CKCSJ177
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 Ordinary Shares of US$0.02
   
Identification code GB00B0H2K534
   
b)   Nature of the transaction     Vesting of award of shares under the Petrofac Deferred Bonus Plan 2021 - Nil Cost Awards & sale of sufficient shares to account for tax liability
c) Price(s) and volume(s)        
       
    Price per share (£) Volume(s)  
    £0.065875 357,398  
         
d)   Aggregated information  
   
- Aggregated volume 357,398
   
- Price £0.065875
   
e)   Date of the transaction     2025-03-17
f)   Place of the transaction     London Stock Exchange
    For further information contact: Petrofac Limited +44 (0) 207 811 4900   David Boyd, Investor Relations Consultant david.boyd@petrofac.com   Sophie Reid, Group Director of Communications Sophie.reid@petrofac.com   Teneo (for Petrofac) +44 (0) 207 353 4200 petrofac@teneo.com        


Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: GB00B0H2K534
Category Code: DSH
TIDM: PFC
LEI Code: 2138004624W8CKCSJ177
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 379435
EQS News ID: 2102376

 
End of Announcement EQS News Service

@ dgap.de