Hurricane Energy PLC Award of Shares under the Share Incentive Plan (1507U)
January 13 2017 - 6:10AM
UK Regulatory
TIDMHUR
RNS Number : 1507U
Hurricane Energy PLC
13 January 2017
13 January 2017
Hurricane Energy plc
Award of Shares under the Share Incentive Plan
Hurricane Energy plc (AIM: HUR.L, "Hurricane" or the "Company"),
announces that it received notification on 13 January 2017 that,
following payroll contributions made on 13 January 2017, MM & K
Plan Trustees Limited ("SIP Trustee"), trustee of the Hurricane
Energy plc Share Incentive Plan ("SIP"), awarded 227,726 ordinary
shares of GBP0.001 each in the Company ("Ordinary Shares") to
participants in the SIP at a price of 49 pence per share, being the
closing mid-market price on 12 January 2017.
The SIP award has been partly satisfied by the issue of 127,726
new Ordinary Shares to the SIP Trustee at a subscription price of
GBP0.001 per share, being the nominal value of the shares.
Each participating employee will receive an allocation of
Partnership Shares (being shares acquired at market value using
contributions deducted from employees' pre-tax salaries;
"Partnership Shares"), Matching Shares (being ordinary shares of
twice the number of Partnership Shares acquired by an employee
which are paid for by the Company; "Matching Shares") and Free
Shares (being ordinary shares to a value not exceeding GBP3,600 in
the current tax year, which are paid for by the Company; "Free
Shares").
Under the SIP, the following directors of the Company purchased
or were awarded the following number of Ordinary Shares:
Name Number of Number of Number of
Partnership Matching Shares Free Shares
Shares
Dr Robert Trice 3,673 7,346 7,346
Alistair Stobie 3,673 7,346 7,346
Neil Platt 3,673 7,346 7,346
The aggregate of their beneficial holdings are now as
follows:
Name Number of Ordinary %
Shares
Dr Robert Trice 26,260,024 2.18%
Alistair Stobie 18,365 0.002%
Neil Platt 621,116 0.05%
Application has been made for 127,726 new Ordinary Shares to be
admitted to trading on AIM. Admission is expected to take place on
19 January 2017. The shares will rank pari passu with the existing
Ordinary Shares.
Following the SIP Awards, Hurricane's total issued and voting
share capital will comprise 1,202,988,123 Ordinary Shares. This
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in,
securities of the Company.
Contact details:
Hurricane Energy plc
Dr Robert Trice, Chief Executive
Officer
Alistair Stobie, Chief Financial +44 (0)1483 862
Officer 820
Cenkos Securities plc
Nominated Adviser and Joint
Broker
Derrick Lee/Nick Tulloch/Beth +44 (0)131 220
McKiernan 6939
Macquarie Capital (Europe)
Limited
Joint Broker +44 (0)20 3037
Alex Reynolds/Guy de Freitas 2000
Vigo Communications +44 (0)20 7830
Patrick d'Ancona/Ben Simons 9700
About Hurricane
Hurricane is an oil and gas company focused on hydrocarbon
resources in naturally fractured basement reservoirs. The Company's
focus is to discover, appraise and develop oil reserves in basement
rock. Hurricane has already successfully discovered substantial
volumes of oil on the UKCS. The Company has 444-470 mmboe of 2C
Contingent Resources and 432-442 mmboe of P50 Prospective Resources
on acreage it controls 100%.
Further information on Hurricane can be found at:
www.hurricaneenergy.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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