Find Your Broker
Share Name Share Symbol Market Type Share ISIN Share Description
Hurricane Energy LSE:HUR London Ordinary Share GB00B580MF54 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.26p -0.58% 44.60p 44.38p 44.58p 45.48p 43.92p 45.48p 5,587,530 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -7.0 -0.5 - 873.81

Hurricane Energy PLC Award of Shares under the Share Incentive Plan

25/01/2019 10:45am

UK Regulatory (RNS & others)


Hurricane Energy (LSE:HUR)
Historical Stock Chart

1 Month : From Jan 2019 to Feb 2019

Click Here for more Hurricane Energy Charts.

TIDMHUR

RNS Number : 1491O

Hurricane Energy PLC

25 January 2019

25 January 2019

Hurricane Energy plc

("Hurricane" or the "Company")

Award of Shares under the Share Incentive Plan

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that it received notification on 25 January 2019 that, following payroll contributions made on 25 January 2019, Global Shares Trustee Company Limited ("SIP Trustee"), trustee of the Hurricane Energy plc Share Incentive Plan ("SIP"), awarded 815,582 ordinary shares of GBP0.001 each in the Company ("Ordinary Shares") to participants in the SIP at a price of 45.86 pence per share, being the closing mid-market price on 24 January 2019.

The SIP award has been satisfied by the issue of 815,582 new Ordinary Shares to the SIP Trustee at a subscription price of GBP0.001 per share, being the nominal value of the shares.

Each participating employee will receive an allocation of Partnership Shares (being shares acquired at market value using contributions deducted from employees' pre-tax salaries; "Partnership Shares"), Matching Shares (being ordinary shares of twice the number of Partnership Shares acquired by an employee which are paid for by the Company; "Matching Shares") and Free Shares (being ordinary shares to a value not exceeding GBP3,600 in the current tax year, which are paid for by the Company; "Free Shares").

Under the SIP, the following persons discharging managerial responsibilities of the Company purchased or were awarded the following number of Ordinary Shares:

 
 Name                         Number of          Number of      Number of 
                     Partnership Shares    Matching Shares    Free Shares 
 Dr Robert Trice                  3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 Alistair Stobie                  3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 Neil Platt                       3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 Richard Chaffe                   3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 Melissa Clare                    3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 Stephen Holmes                   3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 Daniel Jankes                    3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 Moira Slightam                   3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 Clive Smith                      3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 Richard Tomlins                  3,924              7,848          7,849 
                   --------------------  -----------------  ------------- 
 

Application has been made for 815,582 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place by 31 January 2019. The shares will rank pari passu with the existing Ordinary Shares.

Following the SIP awards, Hurricane's total issued and voting share capital will comprise 1,960,367,219 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

The below information 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:                                  a) Dr Robert Trice 
                                              b) Alistair Stobie 
                                              c) Neil Platt 
                                              d) Richard Chaffe 
                                              e) Melissa Clare 
                                              f) Stephen Holmes 
                                              g) Daniel Jankes 
                                              h) Moira Slightam 
                                              i) Clive Smith 
                                              j) Richard Tomlins 
     --------------------------------  ----------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status:                       a) Chief Executive Officer 
                                              b) Chief Financial Officer 
                                              c) Chief Operations Officer 
                                              d) Head of Finance 
                                              e) GWA Joint Venture Operations Manager 
                                              f) Production Operations Director 
                                              g) General Counsel 
                                              h) Subsurface Technical Director 
                                              i) General Manager (Aberdeen) 
                                              j) Development and Engineering Technical 
                                              Director 
     --------------------------------  ----------------------------------------------- 
 b)   Initial notification/Amendment:   Initial Notification 
     --------------------------------  ----------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------- 
 a)   Name                              Hurricane Energy plc 
     --------------------------------  ----------------------------------------------- 
 b)   LEI:                              2138007Z66OO4XWKM819 
     --------------------------------  ----------------------------------------------- 
 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                Ordinary shares of 0.1p each in Hurricane 
       financial instrument,             Energy plc ("Shares") 
       type of instrument:               ISIN: GB00B580MF54 
       Identification code: 
     --------------------------------  ----------------------------------------------- 
 b)   Nature of the transaction:        Acquisition of Shares by the SIP Trustee 
                                         pursuant to the SIP. 
     --------------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s):                   Price(s)   Volume(s) 
                                           a)     45.86p     19,621 
                                                ---------  ---------- 
                                           b)     45.86p     19,621 
                                                ---------  ---------- 
                                           c)     45.86p     19,621 
                                                ---------  ---------- 
                                           d)     45.86p     19,621 
                                                ---------  ---------- 
                                           e)     45.86p     19,621 
                                                ---------  ---------- 
                                           f)     45.86p     19,621 
                                                ---------  ---------- 
                                           g)     45.86p     19,621 
                                                ---------  ---------- 
                                           h)     45.86p     19,621 
                                                ---------  ---------- 
                                           i)     45.86p     19,621 
                                                ---------  ---------- 
                                           j)     45.86p     19,621 
                                                ---------  ---------- 
     --------------------------------  ----------------------------------------------- 
 d)        Aggregated information: 
             *    Price:                  45.86p 
                                          Volume: 196,210 
 
             *    Volume: 
     --------------------------------  ----------------------------------------------- 
 e)   Date of the transaction:          25 January 2019 
     --------------------------------  ----------------------------------------------- 
 f)   Place of the transaction:         London Stock Exchange (XLON) 
     --------------------------------  ----------------------------------------------- 
 

Contacts:

 
                        Dr Robert Trice (Chief Executive 
 Hurricane Energy        Officer) / Alistair Stobie 
  plc                    (Chief Financial Officer)          +44 (0)1483 862 820 
                        Nominated Adviser and Joint 
                         Corporate Broker 
 Stifel Nicolaus         Callum Stewart / Nicholas 
  Europe Limited         Rhodes / Ashton Clanfield          +44 (0)20 7710 7600 
                       ==================================  ========================= 
 Morgan Stanley &       Joint Corporate Broker 
  Co. International      Andrew Foster / Tom Perry 
  plc                    / Alex Smart                       +44 (0)20 7425 8000 
                       ==================================  ========================= 
 Vigo Communications    Public Relations                    +44 (0)20 7390 0230 
                         Patrick d'Ancona / Ben Simons       Hurricane@vigocomms.com 
                       ==================================  ========================= 
 

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

DSHBGGDBGSDBGCU

(END) Dow Jones Newswires

January 25, 2019 05:45 ET (10:45 GMT)

1 Year Hurricane Energy Chart

1 Year Hurricane Energy Chart

1 Month Hurricane Energy Chart

1 Month Hurricane Energy Chart
Your Recent History
LSE
HUR
Hurricane ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190218 01:39:59