Director Shareholding
April 01 2003 - 10:31AM
UK Regulatory
RNS Number:4935J
Premier Oil PLC
1 April 2003
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
PREMIER OIL PLC
2) NAME OF DIRECTOR
MR J A VAN DER WELLE
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder
if it is a holding of that person's spouse or children under the
age of 18 or in respect of an non-beneficial interest
2 ABOVE
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
PREMIER OIL UK EMPLOYEE BENEFIT TRUST
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
N/A
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
COMPANY PURCHASE OF SECURITIES UNDER A 'SIP'
7) Number of shares/amount of
stock acquired
862
8) (0.0005 %)
of issued Class
9) Number of shares/amount
of stock disposed
N/A
10) ( N/A %)
of issued Class
11) Class of security
ORDINARY
12) Price per share
#0.29P
13) Date of transaction
01.04.03
14) Date company informed
01.04.03
15) Total holding following this notification
735,679
16) Total percentage holding of issued class following this notification
0.04716%
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number.
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
SEE BELOW
24) Name of contact and telephone number for queries
MISS A HENRY 020 7730 1111
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 1 APRIL 2003
ATTACHMENT TO SCHEDULE 11 FORM
Box 23
Please note the 862 shares acquired are split as follows:-
431 Partnership Shares
431 Matching Shares
and will be held in trust for a period of three years after which Mr van der
Welle may either retain the shares in the trust until he chooses to withdraw
them, or withdraw the shares from the trust and either hold the shares in his
name or sell them.
Should an employee leave the SIP scheme before the end of the three year period
he will lose the right to the shares, unless he leaves due to:-
Injury
Redundancy
TUPE transfer
Retirement
Death
Sale of the Company
This information is provided by RNS
The company news service from the London Stock Exchange
END
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