Harbour Energy PLC Director/PDMR Shareholding (4914Y)

TIDMHBR

RNS Number : 4914Y

Harbour Energy PLC

05 May 2023

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Harbour Energy plc

(the "Company", "Harbour")

Vesting of Conditional Share Award

Harbour today announces that the second one-third increment of the Conditional Share Award ("CSA") made to Linda Cook on 4 May 2021 has vested. The CSA was awarded t o compensate Linda for incentive arrangements forfeited on stepping down from her role as Managing Director of EIG Global Energy Partners ("EIG") .

The CSA was made in accordance with the Company's Remuneration Policy for the recruitment of a new executive director and was made under the terms of the Company's 2017 Long Term Incentive Plan. The vesting of the CSA is in one-third increments with the third increment due to vest on 4 May 2024.

 
  Director    Shares vesting   Market price   Shares sold           Shares retained 
                                at vesting     to cover statutory 
                                               deductions 
 Linda Z. 
  Cook        402,327          GBP2.387       158,517               243,810 
             ---------------  -------------  --------------------  ---------------- 
 

Enquiries

 
 Harbour Energy plc                             Tel: [phone] 
                                                 1111 
 Elizabeth Brooks, Head of Investor Relations 
 Rachel Rickard, Company Secretary 
 
 
 Brunswick Group 
 Patrick Handley   Tel: [phone] 
 Will Medvei       Tel: [phone] 
 

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) Vesting of Conditional Share Award under the 
                                                                     2017 LTIP 
                                                                     (ii) Shares sold to cover tax (balance of 243,810 
                                                                     shares retained) 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                                Price(s)            Volume(s) 
                                                                               (i) GBP0.00       402,327 
                                                                                (ii) GBP2.387      158,517 
                                                                                                ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume                Price(s)   Volume(s)  Total 
        -   Price                                                  GBP0.00    402,327    GBP0.00 
           ------------------                                                ----------  ------------- 
                                                                   GBP2.387   158,517    GBP378,379.69 
                                                                             ----------  ------------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2023-05-04 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside of trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 

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May 05, 2023 04:00 ET (08:00 GMT)