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CNE Capricorn Energy Plc

168.40
-0.80 (-0.47%)
Last Updated: 15:35:32
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Capricorn Energy Plc LSE:CNE London Ordinary Share GB00BRJ7R218 ORD 735/143P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -0.47% 168.40 168.80 169.40 172.00 168.40 170.00 44,248 15:35:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 228.9M -51M -0.5383 -3.14 160.31M

Cairn Energy PLC Director/PDMR Shareholding (4670C)

13/04/2017 11:16am

UK Regulatory


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TIDMCNE

RNS Number : 4670C

Cairn Energy PLC

13 April 2017

FOR IMMEDIATE RELEASE 13 April 2017

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 13 April 2017, it made its annual awards of up to GBP3,600 worth of ordinary shares of 231/169 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            1,717 
-----------------------------------  ---------------- 
 James Smith, Chief Financial 
  Officer                                  1,717 
-----------------------------------  ---------------- 
 Richard Heaton, Director of 
  Exploration                              1,717 
-----------------------------------  ---------------- 
 Paul Mayland, Chief Operating 
  Officer                                  1,717 
-----------------------------------  ---------------- 
 Douglas Taylor, Deputy Finance 
  Director                                 1,717 
-----------------------------------  ---------------- 
 Richard Ember, Regional Director, 
  International                            1,717 
-----------------------------------  ---------------- 
 Brita Holstad, Regional Director 
  (UK & Norway)*                             0 
-----------------------------------  ---------------- 
 Miles Warner, General Manager, 
  Senegal*                                   0 
-----------------------------------  ---------------- 
 

*Ms Holstad and Mr Warner do not participate in the SIP as they are not UK resident tax payers.

The above awards were based on an Ordinary Share price of GBP2.096, being the mid-market price of a Cairn share as at close of business on 12 April 2017. 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 LTIP 
         PDMR              Shares                           Capital 
----------------------  ----------  ---------------  ---------------------  ------------------------------------------ 
                                                                               Unvested Awards         Vested but 
                                                                              still subject to     unexercised Awards* 
                                                                                 performance 
                                                                                 conditions 
----------------------  ----------  ---------------  ---------------------  --------------------  -------------------- 
 Simon Thomson           1,009,023     1,010,740             0.173                1,734,184              435,822 
----------------------  ----------  ---------------  ---------------------  --------------------  -------------------- 
 James Smith               217,204      218,921              0.038                1,127,924              283,461 
----------------------  ----------  ---------------  ---------------------  --------------------  -------------------- 
 Richard Heaton           996,954       998,671              0.171                1,086,755              182,076 
----------------------  ----------  ---------------  ---------------------  --------------------  -------------------- 
 Paul Mayland             317,085       318,802              0.055                  955,396              236,589 
----------------------  ----------  ---------------  ---------------------  --------------------  -------------------- 
 Douglas Taylor           162,160       163,877              0.028                  352,341               88,548 
----------------------  ----------  ---------------  ---------------------  --------------------  -------------------- 
 Brita Holstad               0             0                   0                   408,090               250,434 
----------------------  ----------  ---------------  ---------------------  --------------------  -------------------- 
 Richard Ember             4,567         6,284               0.001                 433,615                 0** 
----------------------  ----------  ---------------  ---------------------  --------------------  -------------------- 
 Miles Warner                0             0                   0                   206,111                 0** 
----------------------  ----------  ---------------  ---------------------  --------------------  -------------------- 
 

* 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 2009 LTIP.

**The Awards included within this column for other individuals were originally made prior to the commencement of employment of Richard Ember and Miles Warner.

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                  Ordinary shares of 231/169 pence 
        of the financial             each ("Shares") 
        instrument, 
        type of instrument 
---- 
       Identification               GB00B74CDH82 
        code 
----  --------------------------  ---------------------------------------- 
  b)   Nature of                   Free shares awarded under the Company's 
        the                         all-employee Share Incentive Plan 
        transaction                 (2010) 
----  --------------------------  ---------------------------------------- 
  c)   Price(s) and                 Price(s)    Volume(s) 
        volume(s)                   ----------  ---------- 
                                       GBP0        1,717 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------- 
  d)    Aggregated                  Not applicable 
         information 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ---------------------------------------- 
  e)   Date of the                 13 April 2017 
        transaction 
----  --------------------------  ---------------------------------------- 
  f)   Place of the                London Stock Exchange 
        transaction 
----  --------------------------  ---------------------------------------- 
 
 
  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                  Ordinary shares of 231/169 pence 
        of the financial             each ("Shares") 
        instrument, 
        type of instrument 
---- 
       Identification               GB00B74CDH82 
        code 
----  --------------------------  ---------------------------------------- 
  b)   Nature of                   Free shares awarded under the Company's 
        the                         all-employee Share Incentive Plan 
        transaction                 (2010) 
----  --------------------------  ---------------------------------------- 
  c)   Price(s) and                 Price(s)    Volume(s) 
        volume(s)                   ----------  ---------- 
                                       GBP0        1,717 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------- 
  d)    Aggregated                  Not applicable 
         information 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ---------------------------------------- 
  e)   Date of the                 13 April 2017 
        transaction 
----  --------------------------  ---------------------------------------- 
  f)   Place of the                London Stock Exchange 
        transaction 
----  --------------------------  ---------------------------------------- 
 
 
  1    Details of the person discharging managerial 
        responsibilities/person closely associated 
----  -------------------------------------------------------------------- 
  a)   Name                         Richard Heaton 
----  --------------------------  ---------------------------------------- 
  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                   Free shares awarded under the Company's 
        the                         all-employee Share Incentive Plan 
        transaction                 (2010) 
----  --------------------------  ---------------------------------------- 
  c)   Price(s) and                 Price(s)    Volume(s) 
        volume(s)                   ----------  ---------- 
                                       GBP0        1,717 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------- 
  d)    Aggregated                  Not applicable 
         information 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ---------------------------------------- 
  e)   Date of the                 13 April 2017 
        transaction 
----  --------------------------  ---------------------------------------- 
  f)   Place of the                London Stock Exchange 
        transaction 
----  --------------------------  ---------------------------------------- 
 
 
  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                  Ordinary shares of 231/169 pence 
        of the financial             each ("Shares") 
        instrument, 
        type of instrument 
---- 
       Identification               GB00B74CDH82 
        code 
----  --------------------------  ---------------------------------------- 
  b)   Nature of                   Free shares awarded under the Company's 
        the                         all-employee Share Incentive Plan 
        transaction                 (2010) 
----  --------------------------  ---------------------------------------- 
  c)   Price(s) and                 Price(s)    Volume(s) 
        volume(s)                   ----------  ---------- 
                                       GBP0        1,717 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------- 
  d)    Aggregated                  Not applicable 
         information 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ---------------------------------------- 
  e)   Date of the                 13 April 2017 
        transaction 
----  --------------------------  ---------------------------------------- 
  f)   Place of the                London Stock Exchange 
        transaction 
----  --------------------------  ---------------------------------------- 
 
 
  1    Details of the person discharging managerial 
        responsibilities/person closely associated 
----  -------------------------------------------------------------------- 
  a)   Name                         Douglas Taylor 
----  --------------------------  ---------------------------------------- 
  2    Reason for the notification 
----  -------------------------------------------------------------------- 
  a)   Position/status              Deputy Finance Director 
----  --------------------------  ---------------------------------------- 
  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                   Free shares awarded under the Company's 
        the                         all-employee Share Incentive Plan 
        transaction                 (2010). 
----  --------------------------  ---------------------------------------- 
  c)   Price(s) and                 Price(s)    Volume(s) 
        volume(s)                   ----------  ---------- 
                                       GBP0        1,717 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------- 
  d)    Aggregated                  Not applicable 
         information 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ---------------------------------------- 
  e)   Date of the                 13 April 2017 
        transaction 
----  --------------------------  ---------------------------------------- 
  f)   Place of the                London Stock Exchange 
        transaction 
----  --------------------------  ---------------------------------------- 
 
 
  1    Details of the person discharging managerial 
        responsibilities/person closely associated 
----  -------------------------------------------------------------------- 
  a)   Name                         Richard Ember 
----  --------------------------  ---------------------------------------- 
  2    Reason for the notification 
----  -------------------------------------------------------------------- 
  a)   Position/status              Regional Director, International 
----  --------------------------  ---------------------------------------- 
  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                   Free shares awarded under the Company's 
        the                         all-employee Share Incentive Plan 
        transaction                 (2010) 
----  --------------------------  ---------------------------------------- 
  c)   Price(s) and                 Price(s)    Volume(s) 
        volume(s)                   ----------  ---------- 
                                       GBP0        1,717 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------- 
  d)    Aggregated                  Not applicable 
         information 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ---------------------------------------- 
  e)   Date of the                 13 April 2017 
        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

DSHOKNDDKBKDBQD

(END) Dow Jones Newswires

April 13, 2017 06:16 ET (10:16 GMT)

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