Cairn Energy PLC Director/PDMR Shareholding (6440V)
April 15 2021 - 10:36AM
UK Regulatory
TIDMCNE
RNS Number : 6440V
Cairn Energy PLC
15 April 2021
FOR IMMEDIATE RELEASE 15 April 2021
CAIRN ENERGY PLC ("Cairn" or "the Company")
Interests of Directors / Persons Discharging Managerial
Responsibility ("PDMRs")
in the Company's Shares
1. Award of Free Shares under the Company's 2010 Share Incentive Plan
Cairn announces that, on 15 April 2021, it made its annual
awards of up to GBP3,600 worth of ordinary shares of (21) /(13)
pence each in the Company ("Ordinary Shares") to eligible employees
under the "Free Share" element of the Company's HMRC approved
all-employee Share Incentive Plan established in April 2010 (the
"SIP"). No consideration was paid for the grant of these
awards.
Details of the Executive Directors and PDMRs who participated in
the award, having complied with the eligibility criteria in terms
of the rules of the SIP, are as follows:
Executive Director / PDMR Number of Free Shares
Awarded
Simon Thomson, Chief Executive 2,116
----------------------
James Smith, Chief Financial Officer 2,116
----------------------
Eric Hathon, Director of Exploration 2,116
----------------------
Paul Mayland, Chief Operating Officer 2,116
----------------------
The above awards were based on an Ordinary Share price of
GBP1.701, being the closing price of a Cairn share on 14 April
2021. The Ordinary Shares awarded to participants in the SIP were
existing shares previously purchased in the market. In accordance
with the rules of the SIP, its Trustee will normally hold these
Ordinary Shares on behalf of the relevant individuals throughout a
holding period of five years from the date of award.
2. Summary of current holdings of Executive Directors / PDMRs
Following this announcement, the Executive Directors' and PDMRs'
beneficial interests 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 LTIPs
Unvested Awards Vested but
still subject to unexercised Awards*
performance
conditions
-------------------- --------------------
Simon Thomson 1,145,089 1,147,205 0.230 2,569,262 629,600
---------- --------------- --------------------- -------------------- --------------------
James Smith 465,928 468,044 0.094 1,671,063 409,496
---------- --------------- --------------------- -------------------- --------------------
Eric Hathon 42,266 44,382 0.009 1,376,551 337,324
---------- --------------- --------------------- -------------------- --------------------
Paul Mayland 546,234 548,350 0.110 1,427,817 352,055
---------- --------------- --------------------- -------------------- --------------------
* 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 Simon Thomson
---- -------------------------- -----------------------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------------------
a) Position/status Chief Executive
---- -------------------------- -----------------------------------------------------
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 of Ordinary shares of 21/13 pence each
the financial
instrument, type
of instrument
----
Identification GB00BN0SMB92
code
---- -------------------------- -----------------------------------------------------
b) Nature of the Free shares awarded under the Company's all-employee
transaction Share Incentive Plan (2010)
---- -------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 2,116
---------- ----------
---- -------------------------- -----------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -----------------------------------------------------
e) Date of the transaction 2021-04-15
---- -------------------------- -----------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- -----------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
---------------------------------------------------------------------------------
a) Name James Smith
---- -------------------------- -----------------------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
---- -------------------------- -----------------------------------------------------
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 of Ordinary shares of 21/13 pence each
the financial
instrument, type
of instrument
----
Identification GB00BN0SMB92
code
---- -------------------------- -----------------------------------------------------
b) Nature of the Free shares awarded under the Company's all-employee
transaction Share Incentive Plan (2010)
---- -------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 2,116
---------- ----------
---- -------------------------- -----------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -----------------------------------------------------
e) Date of the transaction 2021-04-15
---- -------------------------- -----------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- -----------------------------------------------------
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 of Ordinary shares of 21/13 pence each
the financial
instrument, type
of instrument
----
Identification GB00BN0SMB92
code
---- -------------------------- -----------------------------------------------------
b) Nature of the Free shares awarded under the Company's all-employee
transaction Share Incentive Plan (2010)
---- -------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 2,116
---------- ----------
---- -------------------------- -----------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -----------------------------------------------------
e) Date of the transaction 2021-04-15
---- -------------------------- -----------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- -----------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
---------------------------------------------------------------------------------
a) Name Paul Mayland
---- -------------------------- -----------------------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
---- -------------------------- -----------------------------------------------------
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 of Ordinary shares of 21/13 pence each
the financial
instrument, type
of instrument
----
Identification GB00BN0SMB92
code
---- -------------------------- -----------------------------------------------------
b) Nature of the Free shares awarded under the Company's all-employee
transaction Share Incentive Plan (2010)
---- -------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 2,116
---------- ----------
---- -------------------------- -----------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -----------------------------------------------------
e) Date of the transaction 2021-04-15
---- -------------------------- -----------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- -----------------------------------------------------
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END
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