Hurricane Energy PLC Director/PDMR Shareholding (9295N)

TIDMHUR

RNS Number : 9295N

Hurricane Energy PLC

23 January 2019

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                             Melissa Clare 
     --------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status:                  GWA Joint Venture Operations Manager 
     --------------------------------  ------------------------------------------ 
 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:        Conditional share awards (Category 
                                         D) granted for nil consideration 
                                         under the Company's 2017 Performance 
                                         Share Plan, subject to a three-year 
                                         performance period and a share price 
                                         hurdle of 55 pence per Share. The 
                                         number of Shares that are subject 
                                         to the initial award may be multiplied 
                                         by the proportion of Share price 
                                         growth over the performance period 
                                         up to a maximum of double the initial 
                                         award. 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):             Scheme          Price(s)    Volume(s) 
                                           PSP Category 
                                            D              nil         175,439 
                                                          ----------  ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information:           See above 4 c) 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction:          18 January 2019 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction:         Outside of trading venue 
     --------------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                             Richard Tomlins 
     --------------------------------  ------------------------------------------------------------------ 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------------------------------- 
 a)   Position/status:                  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:             Conditional share awards granted 
                                              for nil consideration under the Company's 
                                              2017 Performance Share Plan: 
                                               *    Category C - subject to certain of the performance 
                                                    conditions applicable to the Company's Value Creation 
                                                    Plan, previously disclosed in the Company's Annual 
                                                    Report and Accounts for the financial year ended 31 
                                                    December 2017. 
 
 
                                               *    Category D - granted for nil consideration under the 
                                                    2017 Performance Share Plan, subject to a three-year 
                                                    performance period and a share price hurdle of 55 
                                                    pence per Share. The number of Shares that are 
                                                    subject to the initial award may be multiplied by the 
                                                    proportion of Share price growth over the performance 
                                                    period up to a maximum of double the initial award. 
     --------------------------------  ------------------------------------------------------------------ 
 c)   Price(s) and volume(s):             Scheme          Price(s)    Volume(s) 
                                           PSP Category 
                                            C              nil         675,000 
                                                          ----------  ---------- 
                                           PSP Category 
                                            D              nil         87,720 
                                                          ----------  ---------- 
     --------------------------------  ------------------------------------------------------------------ 
 d)   Aggregated information:           See above 4 c) 
     --------------------------------  ------------------------------------------------------------------ 
 e)   Date of the transaction:          18 January 2019 
     --------------------------------  ------------------------------------------------------------------ 
 f)   Place of the transaction:         Outside of trading venue 
     --------------------------------  ------------------------------------------------------------------ 
 

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January 23, 2019 12:00 ET (17:00 GMT)