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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Harbour Energy Plc | LSE:HBR | London | Ordinary Share | GB00BMBVGQ36 | ORD 0.002P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-3.20 | -1.03% | 306.20 | 305.90 | 306.30 | 315.00 | 305.00 | 315.00 | 441,421 | 15:36:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHBR
RNS Number : 2195V
Harbour Energy PLC
03 April 2023
Harbour Energy plc
(the "Company" or "Harbour")
Grant of Awards under the Company's 2017 Long Term Incentive Plan ("2017 LTIP")
Grant of Performance Share Awards
On 3 April 2023, Performance Share Awards (the "Awards") were granted to the Executive Directors named below under the 2017 LTIP. The Awards have been granted in the form of contingent share awards over ordinary shares in the Company and the Awards will only vest if certain performance targets are met over a three-year performance period from 1 January 2023 to 31 December 2025 (the "Performance Period").
The performance target for the Awards is based on two equally weighted measures: the Company's Total Shareholder Return ("TSR") compared to the FTSE 100 (excluding investment trusts) and relative TSR compared to a bespoke group of comparators. Full details of the comparator group are set out in the Directors Remuneration Report included in the 2022 Annual Report and Accounts, available at harbourenergy.com.
Subject to the achievement of the performance target and the Remuneration Committee's assessment of overall Company performance, the Awards will normally vest on 3 April 2026, being three years from the date of grant. The Executive Directors will then be required to hold the shares (on an after-tax basis) until the fifth anniversary of the date of grant. The Awards are also subject to malus and clawback provisions under the 2017 LTIP.
The Awards were calculated using the average of the mid-market closing prices for the five dealing days preceding the award date.
Director Percentage Shares awarded Award price Date of award of salary awarded Linda Z. Cook 300% 947,955 GBP2.69 3 April 2023 ----------- --------------- ------------ -------------- Alexander Krane 250% 507,434 GBP2.69 3 April 2023 ----------- --------------- ------------ --------------
Grant of Deferred Bonus Awards
In accordance with the Company's Remuneration Policy, on 3 April 2023, Deferred Bonus Awards were granted to the Executive Directors named below in respect of 50% of the 2022 Annual Bonus awarded to them. The Deferred Bonus Awards have been granted in the form of contingent share awards over ordinary shares in the Company and will normally vest three years from date of grant.
Director Shares awarded Award price Date of award Linda Z. Cook 236,988 GBP2.69 3 April 2023 --------------- ------------ -------------- Alexander Krane 146,375 GBP2.69 3 April 2023 --------------- ------------ --------------
Enquiries
Harbour Energy plc Tel: 020 7730 1111
Elizabeth Brooks, Head of Investor Relations
Rachel Rickard, Company Secretary
The information set out below is provided in accordance with the requirements of Article 19(3) of MAR.
1 Details of the person discharging managerial responsibilities/person closely associated a) Name Linda Z. Cook -------------------------------------------------------- ------------------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------------------------------------------------- a) Position/status Chief Executive Officer -------------------------------------------------------- ------------------------------------------------------- b) Initial notification/Amendment Initial notification -------------------------------------------------------- ------------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------------------------------------------- a) Name Harbour Energy plc -------------------------------------------------------- ------------------------------------------------------- b) LEI 213800YPC42DYBKVPF97 -------------------------------------------------------- ------------------------------------------------------- 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 the financial instrument, type of Ordinary shares of 0.002 pence each instrument Identification code GB00BMBVGQ36 -------------------------------------------------------- ------------------------------------------------------- b) Nature of the transaction i) Grant of Performance Share Awards under the Harbour Energy 2017 Long Term Incentive Plan ii) Grant of Deferred Bonus Awards under the Harbour Energy 2017 Long Term Incentive Plan -------------------------------------------------------- ------------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) i) GBP0.00 947,955 ii) GBP0.00 236,988 --------------- -------------------------------------------------------- ------------------------------------------------------- d) Aggregated information - Aggregated volume - Price 1,184,943 ------------------ GBP0.00 -------------------------------------------------------- ------------------------------------------------------- e) Date of the transaction 2023-04-03 -------------------------------------------------------- ------------------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------------------------------- ------------------------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Alexander Krane -------------------------------------------------------- ------------------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------------------------------------------------- a) Position/status Chief Financial Officer -------------------------------------------------------- ------------------------------------------------------- b) Initial notification/Amendment Initial notification -------------------------------------------------------- ------------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------------------------------------------- a) Name Harbour Energy plc -------------------------------------------------------- ------------------------------------------------------- b) LEI 213800YPC42DYBKVPF97 -------------------------------------------------------- ------------------------------------------------------- 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 the financial instrument, type of Ordinary shares of 0.002 pence each instrument Identification code GB00BMBVGQ36 -------------------------------------------------------- ------------------------------------------------------- b) Nature of the transaction i) Grant of Performance Share Awards under the Harbour Energy 2017 Long Term Incentive Plan ii) Grant of Deferred Bonus Awards under the Harbour Energy 2017 Long Term Incentive Plan -------------------------------------------------------- ------------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s)
i) GBP0.00 507,434 ii) GBP0.00 146,375 --------------- -------------------------------------------------------- ------------------------------------------------------- d) Aggregated information - Aggregated volume - Price 653,809 ------------------ GBP0.00 -------------------------------------------------------- ------------------------------------------------------- e) Date of the transaction 2023-04-03 -------------------------------------------------------- ------------------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------------------------------- -------------------------------------------------------
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(END) Dow Jones Newswires
April 03, 2023 12:40 ET (16:40 GMT)
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