S& P 500 hits all time highs U.S.-Japan trade deal optimism
LONDON - Petrofac Limited (LSE:LON:PFC), a provider of services to the energy industry, has reported a transaction involving Group Chief Executive Tareq Kawash. On Monday, Mr. Kawash became entitled to 357,398 ordinary shares at no cost as part of the company’s Deferred Bonus Plan, which was originally awarded on May 3, 2023.
Following the vesting of these shares, Mr. Kawash sold 168,281 shares on the same day to cover the tax obligations that arose from this transaction. The shares were sold at a price of 6.5875 pence each. After this sale, Mr. Kawash’s total shareholding in Petrofac stands at 378,270 shares, representing 0.071% of the company’s total voting rights.
The company’s issued share capital remains at 528,874,000 shares, each with equal voting rights. Petrofac has confirmed that it does not hold any shares in treasury.
This notification is in accordance with the Market Abuse Regulation 19, which requires the disclosure of transactions by persons discharging managerial responsibilities. The company has fulfilled its regulatory obligations by making this transaction public.
The information provided in this article is based on a press release statement from Petrofac Limited.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.