Petrofac Limited: Directors' Share Transactions

On October 2, 2024, Petrofac Limited disclosed transactions involving its directors and the vesting of shares under the Petrofac Performance Share Plan (PSP) and Deferred Bonus Plan (DBP). These transactions align with the company's commitments under Market Abuse Regulation 19. The vesting took place on October 1, 2024.

Regarding the PSP, senior executives received shares that generally vest after three years, contingent on performance conditions. Afonso Reis e Sousa had 2,212,101 shares under the PSP before October 1, 2024. Following the vesting, he now holds 1,966,407 shares. Notably, 33.3% of the 2021 PSP award vested, with the rest lapsing.

For the DBP, shares awarded to executives typically vest over one to three years. Tareq Kawash and Afonso Reis e Sousa received shares that vested on October 1, 2024. Their shareholdings in Petrofac increased after selling a portion of shares to cover tax liabilities.

After these transactions, Tareq Kawash holds 189,153 shares, while Afonso Reis e Sousa holds 132,906 shares, representing 0.036% and 0.025% of the company's total shares, respectively.