We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.80 | 2.35% | 165.60 | 164.80 | 165.20 | 166.40 | 157.60 | 166.40 | 195,356 | 16:35:04 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 228.9M | -51M | -0.5383 | -3.07 | 156.52M |
From Apr 2019 to Apr 2024
TIDMCNE
RNS Number : 8409G
Cairn Energy PLC
19 March 2020
FOR IMMEDIATE RELEASE 19 March 2020
CAIRN ENERGY PLC ("Cairn" or "the Company")
Interests of Persons Discharging Managerial Responsibility ("PDMRs")
in the Company's Shares
1. Share purchase by Eric Hathon, Director of Exploration
Cairn announces that, on 18 March 2020, Eric Hathon, Director of Exploration, purchased 10,000 Ordinary Shares of 231/169 pence each in the Company ("Shares") at a price of GBP0.6992 pence per Share.
2. Exercises of balance of Awards under the Company's Long Term Incentive Plan 2009 (the "2009 LTIP")
Cairn also announces that, on 18 and 19 March 2020, it received notices of exercise from Richard Ember, Regional Director, International, and Paul Mayland, Chief Operating Officer, in relation to an Awards over Shares that had originally been granted under the rules of the 2009 LTIP on 6 October 2015 and 19 March 2015 respectively.
The first notice of exercise, received on 18 March 2020, relates to the proportion of Richard Ember's Award that originally vested on 15 November 2018 but which was subject to a further holding period of one year. A summary of the relevant events / transactions in respect of his exercise is shown in the table below:
Hot Features
Premium
Executive Director /
PDMR Shares Total Shares Shares in Shares acquired
originally that vested respect of on 18 March
subject on 15 November which Award 2020 pursuant
to Award 2018 became exercisable to the exercise
on 15 November of Award
2019
Richard Ember,
Regional Director, International 240,103 139,863 69,932 69,932
------------- ----------------- --------------------- ------------------
The above Award (which is in the form of a "nil-cost" option) vested, in part, on 15 November 2018 following the expiry of the applicable three-year performance period. The extent of such vesting reflected the fact that the Company's total shareholder return over that period was above the median ranking in the specified comparator group.
Under the 2009 LTIP's rules, 50% of the vested Award was immediately exercisable, with the balance becoming exercisable after a further holding period of one year (subject to any dealing restrictions in place at that time). The exercise of the immediately exercisable portion of this Award by the above individual was previously announced by the Company on 20 November 2018.
The second notice of exercise, received on 19 March 2020, relates to the proportion of Paul Mayland's Award that originally vested on 26 March 2018 but which was subject to a further holding period of one year. A summary of the relevant events / transactions in respect of his exercise is shown in the table below.
Executive Director /
PDMR Shares Total Shares Shares in Shares acquired
originally that vested respect of on 19 March
subject on 26 March which Award 2020 pursuant
to Award 2018 became exercisable to the exercise
on 3 April of Award
2019
Paul Mayland,
Chief Operating Officer 476,188 269,760 134,880 134,880
------------- --------------- --------------------- ------------------
The above Award (which is in the form of a "nil-cost" option) vested, in part, on 26 March 2018 following the expiry of the applicable three-year performance period. The extent of such vesting reflected the fact that the Company's total shareholder return over that period was above the median ranking in the specified comparator group.
Under the 2009 LTIP's rules, 50% of the vested Award was immediately exercisable, with the balance becoming exercisable after a further holding period of one year (subject to any dealing restrictions in place at that time). The exercise of the immediately exercisable portion of this Award by the above individual was previously announced by the Company on 28 March 2018.
3. Subsequent sale of Shares by Richard Ember and Paul Mayland
In order to fund some / all of the income tax and national insurance liabilities arising on the exercises summarised in section 2. above, the following shares were sold on behalf of Richard Ember and Paul Mayland.
PDMR Date of transaction Number of Shares Sale price
sold
Richard Ember 18 March 2020 33,636 GBP0.6717
-------------------- ----------------- -----------
Paul Mayland 19 March 2020 24,340 GBP0.6180
-------------------- ----------------- -----------
4. Summary of current holdings of above PDMRs
Following the purchase by Eric Hathon (see 1. above), and the exercise and sale by Richard Ember and Paul Mayland (see 2. and 3. above), their beneficial interests in the Shares of the Company are as follows:
PDMR Previous Current % Issued Outstanding entitlements
Shares Shares Share Capital under 2017 LTIP
Unvested Awards still
subject to performance
conditions
-------------------------
Eric Hathon 37,323 47,323 0.008% 1,163,771
--------- -------- --------------- -------------------------
Richard Ember 54,966 91,296 0.015% 500,280
--------- -------- --------------- -------------------------
Paul Mayland 527,713 638,253 0.108% 1,214,590
--------- -------- --------------- -------------------------
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)
----------
GBP0.6992 10,000
----------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2020-03-18
---- -------------------------- --------------------------------------------------
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 Exercise of award (in the form of a nil-cost
transaction option) originally granted under the 2009
LTIP on 6 October 2015.
---- -------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 69,932
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2020-03-18
---- -------------------------- --------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- --------------------------------------------------
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 Sale of Shares
transaction
---- -------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0.6717 33,636
----------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2020-03-18
---- -------------------------- --------------------------------------------------
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 Exercise of award (in the form of a nil-cost
transaction option) originally granted under the 2009
LTIP on 19 March 2015.
---- -------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 134,880
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2020-03-19
---- -------------------------- --------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- --------------------------------------------------
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 Sale of Shares
transaction
---- -------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0.6180 24,340
----------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2020-03-19
---- -------------------------- --------------------------------------------------
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
DSHKKCBPNBKDFND
(END) Dow Jones Newswires
March 19, 2020 10:01 ET (14:01 GMT)
1 Year Capricorn Energy Chart |
1 Month Capricorn Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
