Cairn Energy PLC Director/PDMR Shareholding (9647S)
October 06 2017 - 6:43AM
UK Regulatory
TIDMCNE
RNS Number : 9647S
Cairn Energy PLC
06 October 2017
FOR IMMEDIATE RELEASE 6 October 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 6 October 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 GBP1.955091 per
Ordinary Share on behalf of the participant below in the
"Partnership Share" element of the SIP using a deduction made from
their gross salary.
Cairn also announces that, on 6 October 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 PDMR 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
---------------------------------------- ---------------- ------------- -----------
Eric Hathon, Director of Exploration 920 1,840 2,760
---------------------------------------- ---------------- ------------- -----------
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 PDMR's beneficial interest in
the Shares of the Company is as follows:
Executive Director / Previous Current Shares % Issued Share Outstanding entitlements under 2017 LTIP
PDMR Shares Capital
---------------------- --------- --------------- --------------------- -------------------------------------------
Unvested Awards Vested but
still subject to unexercised Awards
performance
conditions
---------------------- --------- --------------- --------------------- -------------------- ---------------------
Eric Hathon 0 2,760 0.0005 344,036 0
---------------------- --------- --------------- --------------------- -------------------- ---------------------
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 Eric Hathon
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Director of Exploration
---- -------------------------- ----------------------------------------
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) ------------- ----------
GBP1.955091 920
------------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2017-10-06
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 1,840
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2017-10-06
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
DSHOKADQDBDDNKK
(END) Dow Jones Newswires
October 06, 2017 07:43 ET (11:43 GMT)
Capricorn Energy (LSE:CNE)
Historical Stock Chart
From Apr 2024 to May 2024
Capricorn Energy (LSE:CNE)
Historical Stock Chart
From May 2023 to May 2024