Cairn Energy PLC Director/PDMR Shareholding (4448A)

TIDMCNE

RNS Number : 4448A

Cairn Energy PLC

11 September 2018

FOR IMMEDIATE RELEASE 11 September 2018

CAIRN ENERGY PLC ("Cairn" or "the Company")

Share Purchase by Director of Exploration

Cairn announces that on 11 September 2018, Eric Hathon, the Company's Director of Exploration, purchased 15,000 Ordinary Shares of 231/169 pence each in the Company at a price of GBP2.217435 per share.

Following this purchase, Mr Hathon's beneficial interest in the Ordinary Shares of the Company is as follows:-

 
 Executive Director / PDMR    Previous   Current Shares   % Issued Share Capital   Outstanding entitlements under 2009 
                               Shares                                                        and 2017 LTIPs 
                                                                                    Unvested Awards still subject to 
                                                                                         performance conditions 
                                                                                  ------------------------------------ 
 Eric Hathon                   6,759          21,759              0.0004                         703,039 
                             ---------  ---------------  -----------------------  ------------------------------------ 
 

The following notification is 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 notification/        Initial 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 231/169 pence each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB00B74CDH82 
        code 
----  --------------------------  -------------------------------------------------- 
  b)   Nature of the               Purchase 
        transaction 
----  --------------------------  -------------------------------------------------- 
  c)   Price(s) and volume(s)         Price(s)     Volume(s) 
                                                   ---------- 
                                     GBP2.217435     15,000 
                                    -------------  ---------- 
----  --------------------------  -------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume 
                                     Not applicable 
 
          *    Price 
----  --------------------------  -------------------------------------------------- 
  e)   Date of the transaction     2018-09-11 
----  --------------------------  -------------------------------------------------- 
  f)   Place of the transaction    London Stock Exchange 
----  --------------------------  -------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 11, 2018 08:47 ET (12:47 GMT)