Petrofac Limited: Director/PDMR shareholding

DJ Petrofac Limited: Director/PDMR shareholding

Petrofac Limited ( PFC) Petrofac Limited: Director/PDMR shareholding 05-Apr-2022 / 10:10 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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5 April 2022

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 Executive Directors and their awards of ordinary shares of USUSD0.02 each in the Company (the 'Shares') under the Petrofac Performance Share Plan ('PSP') and the Deferred Bonus Plan ('DBP'), which took place on 4 April 2022.

PSP

PSP awards are made by the Company to senior executives and generally vest on the third anniversary of the date of grant, provided a participant does not leave the Company's employment and to the extent that performance conditions have been satisfied. Awards are made at nil cost to participants.

Details of the awards under the PSP which took place on 4 April 2022 for each Executive Director, including the position before and after awards were made, are outlined below:

Total number of Shares held 
        Total number of Shares held under the  Number of Shares awarded under  under the 
        PSP prior to               the PSP on 
                                             PSP after 
        4 April 2022               4 April 2022 
                                             4 April 2022 
Sami Iskander  1,759,658                1,287,559            3,047,217 
Afonso Reis e  271,495                 765,550             1,037,045 
Sousa 

DBP

In line with the Company's remuneration arrangements, as published in the 2021 Annual Report and Accounts, any bonus awarded will be paid to Executive Directors half in cash and half in deferred shares under the DBP. Awards will generally vest in equal tranches over one, two and three years from the date of grant, provided a participant does not leave the Company's employment. Awards are made at nil cost to participants.

Details of the awards under the DBP which took place on 4 April 2022 for each Executive Director, including the position before and after awards were made, are outlined below:

Total number of Shares held 
        Total number of Shares held under the  Number of Shares awarded under  under the 
        DBP prior to               the DBP on 
                                             DBP after 
        4 April 2022               4 April 2022 
                                             4 April 2022 
Sami Iskander  0                    280,893             280,893 
Afonso Reis e  0                    61,189              61,189 
Sousa 

The Company's issued share capital consists of 521,157,442 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:

Petrofac Limited

[phone]

Jonathan Yarr, Head of Investor Relations

[e-mail]

Alison Flynn, Group Director of Communications and Sustainability

[e-mail]

Tulchan Communications Group

[phone]

[e-mail]

Martin Robinson

[e-mail]

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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.:  153765 
EQS News ID:  1320625 
 
End of Announcement EQS News Service 
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April 05, 2022 05:10 ET (09:10 GMT)