LONDON - Petrofac Limited (LSE:LON:PFC), a leading oilfield services company, reported a transaction involving its Chief Financial Officer, Afonso Reis e Sousa, who became entitled to 11,215 ordinary shares at no cost on Monday. This event was part of the automatic vesting of shares awarded under the company’s Deferred Bonus Plan from April 4, 2022.
Following the vesting, Mr. Reis e Sousa sold 5,657 of these shares on Monday at a price of 5.1933 pence per share. The sale was conducted to satisfy the tax liabilities and fees arising from the vesting. After this transaction, Mr. Reis e Sousa’s total holding in the company amounts to 138,464 shares, representing 0.026% of Petrofac’s total voting rights.
Petrofac’s issued share capital remains at 528,874,000 shares, each with the right to one vote. The company has confirmed that it holds no shares in treasury.
The notification of this transaction is in compliance with the Market Abuse Regulation 19, which requires public disclosure of transactions by persons discharging managerial responsibilities and those closely associated with them.
The information is based on a press release statement from Petrofac Limited.
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