Capricorn Energy PLC Director/PDMR Shareholding (8712V)

TIDMCNE

RNS Number : 8712V

Capricorn Energy PLC

11 April 2023

FOR IMMEDIATE RELEASE 11 April 2023

CAPRICORN ENERGY PLC ("Capricorn" or "the Company")

Interests of Directors / Persons Discharging Managerial Responsibility ("PDMRs")

in the Company's Shares

1. Purchase of Partnership Shares / Award of Matching Shares under the Company's 2010 Share Incentive Plan (the "SIP")

Capricorn announces that, on 6 April 2023, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased ordinary shares of 21/13 pence each in the Company ("Ordinary Shares") in the market at a price of GBP2.363 per Ordinary Share on behalf of participants in the "Partnership Share" element of the SIP using deductions made from their gross salary.

Capricorn also announces that, on 6 April 2023, awards of further Ordinary Shares were made to the participants under the "Matching Share" element of the SIP on the basis of two free Matching Shares for every one Partnership Share purchased. The Ordinary Shares used to satisfy these awards were existing shares previously purchased in the market.

Details of the PDMR who participated in the purchase / award are as follows:

 
                                                 Number           Number        Total 
                    PDMR                      of Partnership    of Matching     Number 
                                                  Shares          Shares       of Shares 
                                                Purchased         Awarded      Acquired 
 
   Clare Mawdsley, Acting Chief Financial 
   Officer                                         63              126           189 
                                            ----------------  -------------  ----------- 
 

In accordance with the rules of the SIP, Partnership and Matching Shares are initially held by the Trustee on the participants' behalf and, in the case of Matching Shares, must normally remain so held throughout a period of five years from the date of award.

   2.            Summary of current holdings of PDMR 

Following this announcement, Clare Mawdsley's beneficial interests in the Shares of the Company are as follows:

 
      PDMR         Previous   Current Shares   % Issued Share Capital      Outstanding entitlements under 2017 LTIP 
                    Shares 
                                                                        Unvested Awards still   Vested but unexercised 
                                                                             subject to                Awards * 
                                                                             performance 
                                                                             conditions 
                                                                       ----------------------  ----------------------- 
 Clare Mawdsley     31,704        31,893                0.01                   318,771                    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 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                         Clare Mawdsley 
----  --------------------------  ------------------------------------------------- 
  2    Reason for the notification 
----  ----------------------------------------------------------------------------- 
  a)   Position/status              Acting 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                         Capricorn 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 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB00BN0SMB92 
        code 
----  --------------------------  ------------------------------------------------- 
  b)   Nature of the               Partnership shares purchased under the Company's 
        transaction                 all-employee Share Incentive Plan (2010). 
----  --------------------------  ------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                     GBP2.363       63 
                                    ----------  ---------- 
----  --------------------------  ------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume 
                                      *    Not applicable 
 
          *    Price 
----  --------------------------  ------------------------------------------------- 
  e)   Date of the transaction     2023-04-06 
----  --------------------------  ------------------------------------------------- 
  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 21/13 pence each 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB00BN0SMB92 
        code 
----  --------------------------  ------------------------------------------------- 
  b)   Nature of the               Matching shares awarded under the Company's 
        transaction                 all-employee Share Incentive Plan (2010) on 
                                    the basis of two free matching shares for every 
                                    one partnership share purchased. 
----  --------------------------  ------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                      GBP0.00       126 
                                    ----------  ---------- 
----  --------------------------  ------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume 
                                      *    Not applicable 
 
          *    Price 
----  --------------------------  ------------------------------------------------- 
  e)   Date of the transaction     2022-04-06 
----  --------------------------  ------------------------------------------------- 
  f)   Place of the transaction    London Stock Exchange 
----  --------------------------  ------------------------------------------------- 
 

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April 11, 2023 11:40 ET (15:40 GMT)