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from Petrofac Limited (isin : GB00B0H2K534)

Petrofac Limited: Director/PDMR shareholding

Petrofac Limited ( PFC)
Petrofac Limited: Director/PDMR shareholding

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 AnnouncementEQS News Service

Transactions Director PDMR Shareholding Petrofac Limited Tareq Kawash
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