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RNS 08/15 15:36 [Delayed] Premier Oil PLC PMO Director Disclosures: S430(2B) Companies Act 2006 BN 08/15 14:43 *PREMIER OIL PAID £486,100 TO SETTLE LOCKETT PENSION OBLIGATIONS BN 08/15 14:40 *PREMIER OIL TO ALSO PAY LOCKETT £50,000 FOR LOSS OF EMPLOYMENT BN 08/15 14:36 *PREMIER OIL: LOCKETT TO ALSO GET £25,000 PLUS VAT TO LEGAL FEES BN 08/15 14:36 *PREMIER OIL: LOCKETT ENTITLED TO ANNUAL BONUS PAYMENT FOR '14 BN 08/15 14:35 *PREMIER OIL: LOCKETT TO GET £25,000 PLUS VAT TO LEGAL FEES BN 08/15 14:35 *PREMIER OIL WILL PAY LOCKETT SALARY, BENEFITS OF £683,996 GROSS BN 08/15 14:35 *PREMIER OIL: LOCKETT WILL LEAVE COMPANY W/ EFFECT ON 15 AUG. BN 08/15 14:35 *PREMIER OIL SIMON LOCKETT STOOD DOWN AS CEO ON 26 JUNE BN 08/15 14:35 *PREMIER OIL PMO DIRECTOR DISCLOSURES: S430(2B) COS. ACT '06
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Premier Oil: Lockett Will Leave Co. as Executive Director Today 2014-08-15 14:46:26.887 GMT
By Heather Burke Aug. 15 (Bloomberg) -- Simon Lockett stood down as CEO on June 26, now stands down as an Executive Director, will leave with effect on Aug. 15. * Premier will be making a payment of 12 months’ salary and benefits of GBP683,996, subject to mitigation if Lockett were to start a new executive or NED role for another organization during this yr * Lockett entitled to receive his annual bonus payment for 2014 which will be reduced on a time worked basis to reflect his departure date of Aug. 15 * Lockett will also receive contribution of GBP25,000 plus VAT towards legal fees incurred in connection with his departure * Earlier: Premier Oil Gains; UBS Sees New CEO Move to Farm Down Sea Lion {NSN NAC91L6KLVRH<Go>} * NOTE July 11: Premier’s CEO Seeks to Top Oil Target, Get Falklands Partner {NSN N8K14W6JIJV9<Go>}
Link to Statement:{NSN NACR6E3HBS3K <GO>} Link to Company News:{PMO LN <Equity> CN <GO>}
For Related News and Information: First Word scrolling panel: {FIRST<GO>} First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story: Heather Burke at +44-20-7673-2044 or hburke2@bloomberg.net