Cairn Energy PLC Director/PDMR Shareholding (3924N)
August 08 2017 - 3:58AM
UK Regulatory
TIDMCNE
RNS Number : 3924N
Cairn Energy PLC
08 August 2017
FOR IMMEDIATE RELEASE 8 August 2017
CAIRN ENERGY PLC ("Cairn" or "the Company")
Interests of Person Discharging Managerial Responsibility
("PDMR")
in the Company's Shares
1. Purchase of Partnership Shares / Award of Matching Shares
under the Company's 2010 Share Incentive Plan (the "SIP")
Cairn announces that, on 7 August 2017, the trustee (the
"Trustee") of the Company's HMRC approved all-employee SIP
purchased ordinary shares of 231/169 pence each in the Company
("Ordinary Shares") in the market at a price of GBP1.708 per
Ordinary Share on behalf of the participants below in the
"Partnership Share" element of the SIP using a deduction made from
their gross salary.
Cairn also announces that, on 7 August 2017, an award of further
Ordinary Shares was made to the participant below under the
"Matching Share" element of the SIP on the basis of two free
Matching Shares for every one Partnership Share purchased. The
Ordinary Shares used to satisfy this award were existing shares
previously purchased in the market.
Details of the PDMRs who participated in the purchase / award
are as follows:
Number Number Total
Director / PDMR of Partnership of Matching Number
Shares Shares of Shares
Purchased Awarded Acquired
------------------------------------- ---------------- ------------- -----------
David Nisbet, Director, Corporate
Affairs 791 1,582 2,373
------------------------------------- ---------------- ------------- -----------
In accordance with the rules of the SIP, Partnership and
Matching Shares are initially held by the Trustee on the
participant's behalf and, in the case of Matching Shares, must
normally remain so held throughout a period of five years from the
date of award.
2. Summary of current holdings of PDMR
Following this announcement, the PDMRs' beneficial interest in
the Shares of the Company are as follows:
Executive Director / Previous Current Shares % Issued Share Outstanding entitlements under 2009 and
PDMR Shares Capital 2017 LTIP
---------------------- --------- --------------- --------------------- -------------------------------------------
Unvested Awards Vested but
still subject to unexercised Awards*
performance
conditions
---------------------- --------- --------------- --------------------- -------------------- ---------------------
David Nisbet 23,922 26,295 0.005 573,782 273,304
---------------------- --------- --------------- --------------------- -------------------- ---------------------
* This column includes all outstanding Awards that have vested
following the expiry of the applicable performance period,
regardless of whether or not they are currently capable of being
exercised under the rules of the applicable LTIP.
The following notifications are intended to satisfy the
Company's obligations under Article 19(3) of EU Regulation No
596/2014 (the Market Abuse Regulation).
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name David Nisbet
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Director, Corporate Affairs
---- -------------------------- ----------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- --------------------------------------------------------------------
a) Name Cairn Energy PLC
---- -------------------------- ----------------------------------------
b) LEI 213800ZJEUQ8ZOC9AL24
---- -------------------------- ----------------------------------------
4 Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
---- --------------------------------------------------------------------
a) Description Ordinary shares of 231 /169 pence
of the financial each ("Shares")
instrument,
type of instrument
----
Identification GB00B74CDH82
code
---- -------------------------- ----------------------------------------
b) Nature of Partnership shares purchased under
the the Company's all-employee Share
transaction Incentive Plan (2010).
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP1.708 791
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2017-08-07
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
4 Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
---- --------------------------------------------------------------------
a) Description Ordinary shares of 231/169 pence
of the financial each ("Shares")
instrument,
type of instrument
----
Identification GB00B74CDH82
code
---- -------------------------- ----------------------------------------
b) Nature of Matching shares awarded under the
the Company's all-employee Share Incentive
transaction Plan (2010) on the basis of two
free matching shares for every one
partnership share purchased.
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0.00 1,582
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2017-08-07
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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