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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.40 | -0.82% | 169.20 | 168.20 | 169.40 | 171.40 | 167.60 | 168.60 | 116,376 | 16:35:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 228.9M | -51M | -0.5383 | -3.15 | 160.68M |
From Apr 2019 to Apr 2024
TIDMCNE
RNS Number : 7527S
Cairn Energy PLC
13 March 2019
FOR IMMEDIATE RELEASE 13 March 2019
CAIRN ENERGY PLC ("Cairn" or the "Company")
Interests of Directors / Persons Discharging Managerial Responsibility ("PDMRs")
in the Company's Shares
1. Grant of 2019 Awards under the Company's Long Term Incentive Plan (2017)
Cairn announces that, on 13 March 2019, the following Awards (in the form of "nil-cost" options) over its ordinary shares of 231/169 pence each ("Shares") were made under the Long Term Incentive Plan approved by shareholders in 2017 (the "2017 LTIP") to the undernoted Executive Directors and PDMRs of the Company:
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Executive Director / PDMR Number of Shares
Simon Thomson, Chief Executive 859,933
-----------------
James Smith, Chief Financial Officer 559,305
-----------------
Eric Hathon, Director of Exploration 460,732
-----------------
Paul Mayland, Chief Operating Officer 480,851
-----------------
Brita Holstad, Regional Director, UK &
Norway 221,753
-----------------
Richard Ember, Regional Director, International 198,059
-----------------
Miles Warner, General Manager, Senegal 206,817
-----------------
Douglas Taylor, Deputy Finance Director 178,210
-----------------
David Nisbet, Director, Corporate Affairs 231,673
-----------------
All Shares were awarded at GBP1.6770 per Share, being the mid-market closing price of a Share on 12 March 2019. The vesting of the Awards (which, in the case of the Executive Directors, have been granted in accordance with the Company's directors' remuneration policy that was approved at the 2017 AGM) depends upon the extent to which specified performance conditions are met over a three-year performance period.
2. Summary of current holdings of Executive Directors / PDMRs
Following the grant of the above Awards, the Executive Directors' and PDMRs' beneficial interests in the Shares of the Company are as follows:
Executive Director / PDMR Current % Issued Share Capital Outstanding entitlements under 2009 and 2017 LTIPs
Shares
Unvested Awards still Vested but unexercised
subject to performance Awards*
conditions
------------------------- -------------------------
Simon Thomson 1,211,397 0.205 3,029,114 248,464
---------- ----------------------- ------------------------- -------------------------
James Smith 461,204 0.078 1,970,154 161,602
---------- ----------------------- ------------------------- -------------------------
Eric Hathon 21,759 0.004 1,163,771 0**
---------- ----------------------- ------------------------- -------------------------
Paul Mayland 522,149 0.089 1,693,798 134,880
---------- ----------------------- ------------------------- -------------------------
Brita Holstad 157,783 0.027 776,795 58,155
---------- ----------------------- ------------------------- -------------------------
Richard Ember 49,402 0.008 693,792 69,932
---------- ----------------------- ------------------------- -------------------------
Miles Warner 0 0 734,826 0**
---------- ----------------------- ------------------------- -------------------------
Douglas Taylor 212,389 0.036 624,263 50,481
---------- ----------------------- ------------------------- -------------------------
David Nisbet 85,271 0.014 783,248 57,423
---------- ----------------------- ------------------------- -------------------------
* 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 Awards included within this column for other individuals were originally made prior to the commencement of employment of Miles Warner and Eric Hathon.
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 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 Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 859,933
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 13 March 2019
---- -------------------------- ---------------------------------------------------
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 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 Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 559,305
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 13 March 2019
---- -------------------------- ---------------------------------------------------
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 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 Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 460,732
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 13 March 2019
---- -------------------------- ---------------------------------------------------
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 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 Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 480,851
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 13 March 2019
---- -------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- ---------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-------------------------------------------------------------------------------
a) Name Brita Holstad
---- -------------------------- ---------------------------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------------
a) Position/status Regional Director, UK & Norway
---- -------------------------- ---------------------------------------------------
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 Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 221,753
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 13 March 2019
---- -------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- ---------------------------------------------------
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 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 Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 198,059
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 13 March 2019
---- -------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- ---------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-------------------------------------------------------------------------------
a) Name Miles Warner
---- -------------------------- ---------------------------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------------
a) Position/status General Manager, Senegal
---- -------------------------- ---------------------------------------------------
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 Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 206,817
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 13 March 2019
---- -------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- ---------------------------------------------------
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 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 Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 178,210
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 13 March 2019
---- -------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- ---------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-------------------------------------------------------------------------------
a) Name David Nisbet
---- -------------------------- ---------------------------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------------
a) Position/status Director, Corporate Affairs
---- -------------------------- ---------------------------------------------------
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 Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 231,673
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 13 March 2019
---- -------------------------- ---------------------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
DSHCKNDPKBKDNND
(END) Dow Jones Newswires
March 13, 2019 06:56 ET (10:56 GMT)
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