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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.40 | -0.24% | 168.80 | 169.00 | 170.20 | 172.00 | 168.40 | 170.00 | 95,296 | 16:35:11 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 228.9M | -51M | -0.5383 | -3.15 | 160.5M |
From Apr 2019 to Apr 2024
TIDMCNE
RNS Number : 6089S
Cairn Energy PLC
17 March 2021
FOR IMMEDIATE RELEASE 17 March 2021
CAIRN ENERGY PLC ("Cairn" or the "Company")
Interests of Directors / Persons Discharging Managerial Responsibility ("PDMRs")
in the Company's Shares
1. Grant of 2021 Awards under the Company's Long Term Incentive Plan (2017)
Cairn announces that, on 17 March 2021, the following Awards (in the form of "nil-cost" options) over its ordinary shares of (21) /(13) 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 822,482
-----------------
James Smith, Chief Financial Officer 534,947
-----------------
Eric Hathon, Director of Exploration 440,667
-----------------
Paul Mayland, Chief Operating Officer 451,065
-----------------
All Shares were awarded at GBP1.801 per Share, being the mid-market closing price of a Share on 16 March 2021. 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 2020 AGM (the " Remuneration Policy ")) depends upon the extent to which specified performance conditions are met over a three-year performance period. Following any such vesting, Awards will be subject to a further "holding period" during which they cannot be exercised; in the case of the Awards noted above, this period will not expire until the second anniversary of the vesting date.
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 / Current Shares % Issued Share Capital Outstanding entitlements under 2017 LTIP
PDMR
Unvested Awards still Vested but unexercised
subject to performance Awards*
conditions
----------------------- ------------------------
Simon Thomson 1,145,089 0.229 3,239,324 176,128
--------------- ----------------------- ----------------------- ------------------------
James Smith 465,928 0.093 2,106,875 114,555
--------------- ----------------------- ----------------------- ------------------------
Eric Hathon 42,266 0.008 1,735,554 94,365
--------------- ----------------------- ----------------------- ------------------------
Paul Mayland 546,234 0.109 1,802,498 98,486
--------------- ----------------------- ----------------------- ------------------------
* 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 2017 LTIP.
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 21/13 pence each ("Shares")
the financial
instrument, type
of instrument
----
Identification GB00BN0SMB92
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 822,482
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 17 March 2021
---- -------------------------- ---------------------------------------------------
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 21/13 pence each ("Shares")
the financial
instrument, type
of instrument
----
Identification GB00BN0SMB92
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 534,947
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 17 March 2021
---- -------------------------- ---------------------------------------------------
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 GB00BN0SMB92
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 440,667
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 17 March 2021
---- -------------------------- ---------------------------------------------------
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 GB00BN0SMB92
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 451,065
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 17 March 2021
---- -------------------------- ---------------------------------------------------
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.
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END
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(END) Dow Jones Newswires
March 17, 2021 10:22 ET (14:22 GMT)
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