Notification of Transactions by
Persons Discharging Management Responsibility
(‘PDMRs’).
Pursuant to the Company’s obligations under Disclosure and Transparency Rule
3.1.4, the Company hereby notifies that the Company’s Remuneration Committee
granted the following awards to Directors and PDMRs of Ordinary Shares of £0.05
each in the Company (the “Shares”) under the EnQuest Performance Share Plan
("PSP") and the EnQuest Deferred Bonus Share Plan ("DBSP") on 19 April
2012.
Awards granted to Directors and PDMRs on 19 April 2012 under the PSP
and DBSP were as follows:-
+---------+-------+-------------+----------+----
------------------------+
|Director/|PSP |Total number |DBSP Award|Total
number of shares held |
| |Award |of shares |19 April |under the
DBSP following the|
|PDMR |19 |held |2012 |Award
|
| |April |under the PSP| | |
|
|2012 |following the| | |
| |
|Award | | |
+---------+-------+----
---------+----------+----------------------------+
|Amjad |391,790|974,880
|0 |0 |
|Bseisu | | |
| |
+---------+-------+-------------+----------+----
------------------------+
| | | | |
|
+---------+-------+-------------+----------+---------------------------
-+
|Nigel |317,164|760,312 |0 |0
|
|Hares | | | | |
+-
--------+-------+-------------+----------+----------------------------+
|
| | | | |
+---------+----
---+-------------+----------+----------------------------+
|Jonathan
|254,663|579,638 |0 |0 |
|Swinney |
| | | |
+---------+-------+----
---------+----------+----------------------------+
| | |
| | |
+---------+-------+-------------+----
------+----------------------------+
|David |120,000|120,000 |24,938
|24,938 |
|Heslop | | | |
|
+---------+-------+-------------+----------+---------------------------
-+
On 19 April 2012, the PSP Awards granted to Directors and PDMRs were made
in the form of nil-cost options (as permitted under the rules of the PSP) and
will vest 100% on the third anniversary of the date of grant (19 April 2015),
subject to the achievement of performance targets and continued employment with
the EnQuest Group, each being exercisable up to the tenth anniversary of the
date of grant.
In addition, Company employees (below Executive Director
level) were invited under the rules of the DBSP to invest part of their 2011
performance pay in the DBSP. On 19 April 2012, Matching Awards were granted over
an equal number of shares that were acquired by the DBSP participants. Shares
awarded under the DBSP vest on the first, second and third anniversaries of the
date of grant in tranches of 1/3rd respectively, subject to their continuing
employment with the EnQuest Group.
If participants and their connected
persons hold Shares outside the PSP andDBSP (or any other Company share
incentive scheme), separate announcements are made under the Disclosure and
Transparency Rules as required.
Contact for enquiries:
EnQuest PLC
Paul Waters
Company Secretary
020
7925 4900
Director/PDMR Shareholding
| Quelle: EnQuest PLC