Director/PDMR shareholding

Petrofac Limited ( PFC)
Director/PDMR shareholding

21-Apr-2021 / 10:04 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

21 April 2021          


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 makes the following notifications in respect of its Directors and their vestings of ordinary shares of US$0.02 each in the Company (the 'Shares') under the Petrofac Performance Share Plan ('PSP'), which took place on 20 April 2021.



PSP awards are made by the Company to senior executives and generally vest on the third anniversary of the date of grant to the extent that performance conditions have been satisfied.  Awards are made at nil cost to participants.


Details of the vestings under the PSP which took place on 20 April 2021 for each Director, including the position before and after the vestings, are outlined below:     






Total number of Shares held under the PSP prior to

20 April


Number of Shares vested on

20 April 20213


Number of Shares lapsed on 20 April 20213  

Number of       Shares sold


20 April 2021 

Total number of Shares held under the PSP after 20 April


Ayman Asfari1, 2






Alastair Cochran2







1 The Shares held under the PSP for Ayman Asfari have been pro-rated for time, based on his retirement as an Executive Director on 31 December 2021.     

2 Ayman Asfari and Alastair Cochran each sold sufficient Shares to satisfy their tax liabilities. The share price for the Shares sold was 125.53 pence. Their shareholdings in the Company have therefore increased by the number of unsold vested Shares. In accordance with our share retention guidelines, the unsold vested Shares are subject to a two-year holding period until 20 April 2023.

 3 Following the end of the three-year performance period in respect of the 2018 PSP award, the performance conditions were such that 16.1% of the award vested.  The balance of Shares lapsed.


Following the above-noted transaction, the PDMRs and their connected persons hold the following beneficial interests in the Company:



Total number of Shares held in the Company prior to

20 April 2021

Total number of Shares held in the Company after

20 April 2021

Total number of Shares held in the Company after 20 April 2021, expressed as % of the total shares in issue

Ayman Asfari




Alastair Cochran





The Company's issued share capital consists of 345,912,747 Shares with voting rights. Each Share carries the right to one vote. The Company does not hold any Shares in Treasury.


For further information contact:


Alison Flynn, Group Head of Communications


+44 (0) 207 811 4913


Jonathan Yarr, Head of Investor Relations


+44 (0) 207 811 4931


Tulchan Communications Group Ltd                                  

Martin Robinson

Tel: +44 (0) 20 7353 4200





ISIN: GB00B0H2K534
Category Code: DSH
LEI Code: 2138004624W8CKCSJ177
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 100364
EQS News ID: 1187169

End of Announcement EQS News Service

Source: EQS Newswire

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