TIDMCAB
RNS Number : 2909O
Cabot Energy PLC
16 May 2018
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
16 May 2018
Cabot Energy Plc
("Cabot Energy" or "the Company")
Exercise of Options and Total Voting Rights
Cabot Energy (AIM: CAB), the AIM quoted oil and gas company
focused on production led growth balanced with high impact
exploration and appraisal opportunities, announces that Directors
and employees of the Company have exercised options over a total of
3,132,227 ordinary shares, under the Cabot Energy Incentive Plan
("CEIP"), at a cost of the nominal value of the shares, being 1
pence per ordinary share. The option exercise by staff was effected
as a cashless exercise as a result of which they have waived rights
to options over a further 691,000 Ordinary Shares.
Application has been made for the 3,132,227 new ordinary shares
(the "New Ordinary Shares") to be admitted to trading on AIM and
admission is expected to take place on or around 08:00 on 21 May
2018. The New Ordinary Shares will, following admission, rank pari
passu in all respects with the existing issued Ordinary Shares.
Details of the Exercise of Options
Following admission and the exercise of options as detailed
above, the number of options awarded or granted to directors,
senior management and current and previous employees will total
14,770,870 which will represent 2.27 per cent. of the Company's
enlarged issued share capital. The breakdown of the options
exercised and Directors' holdings post the exercise are:
No. of Options No. of Ordinary Percentage
Exercised Shares held of Ordinary
after Exercise Shares held
of Options after Exercise
of Options
Keith Bush 599,831 1,540,257 0.24%
Nick Morgan 569,852 1,569,118 0.24%
Paul Lafferty 518,617 1,189,886 0.18%
Jonathan
Murphy 460,932 3,165,092 0.49%
Total 2,149,232 7,464,353 1.15%
Total Voting Rights
On admission, the Company's issued share capital will be
651,591,751 which also represents the total number of voting
rights. Shareholders should use this figure 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, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail on the director's share dealing.
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 Keith Bush
---- ------------------------------ ---------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status Chief Executive Officer
---- ------------------------------ ---------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Cabot Energy Plc
---- ------------------------------ ---------------------------------
b) LEI 213800GT56T5VYUHOC90
---- ------------------------------ ---------------------------------
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 1 pence
the financial par value
instrument, type
of instrument
----
Identification GB00BF41DS29
code
b) Nature of the Exercise of option
transaction
---- ------------------------------ ---------------------------------
c) Price(s) and volume(s)
---- -------------- --------------
Price(s) Volume(s)
---- -------------- --------------
1 pence 599,831
-------------------------------------------------- --------------
d) Aggregated information
----
- Aggregated volume 599,831
- Price GBP5,998.31
e) Date of the transaction 15 May 2018
---- ------------------------------ ---------------------------------
f) Place of the transaction London
---- ------------------------------ ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Nick Morgan
---- ------------------------------ ---------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status Finance Director
---- ------------------------------ ---------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Cabot Energy Plc
---- ------------------------------ ---------------------------------
b) LEI 213800GT56T5VYUHOC90
---- ------------------------------ ---------------------------------
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 1 pence
the financial par value
instrument, type
of instrument
----
Identification GB00BF41DS29
code
b) Nature of the Exercise of option
transaction
---- ------------------------------ ---------------------------------
c) Price(s) and volume(s)
---- -------------- --------------
Price(s) Volume(s)
---- -------------- --------------
1 pence 569,852
-------------------------------------------------- --------------
d) Aggregated information
----
- Aggregated volume 569,852
- Price GBP5,698.52
e) Date of the transaction 15 May 2018
---- ------------------------------ ---------------------------------
f) Place of the transaction London
---- ------------------------------ ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Paul Lafferty
---- ------------------------------ ---------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status President, Cabot Energy,
Inc.
---- ------------------------------ ---------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Cabot Energy Plc
---- ------------------------------ ---------------------------------
b) LEI 213800GT56T5VYUHOC90
---- ------------------------------ ---------------------------------
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 1 pence
the financial par value
instrument, type
of instrument
----
Identification GB00BF41DS29
code
b) Nature of the Exercise of option
transaction
---- ------------------------------ ---------------------------------
c) Price(s) and volume(s)
---- -------------- --------------
Price(s) Volume(s)
---- -------------- --------------
1 pence 518,617
-------------------------------------------------- --------------
d) Aggregated information
----
- Aggregated volume 518,617
- Price GBP5,186.17
e) Date of the transaction 15 May 2018
---- ------------------------------ ---------------------------------
f) Place of the transaction London
---- ------------------------------ ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Jon Murphy
---- ------------------------------ ---------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status Non executive Chairman
---- ------------------------------ ---------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Cabot Energy Plc
---- ------------------------------ ---------------------------------
b) LEI 213800GT56T5VYUHOC90
---- ------------------------------ ---------------------------------
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 1 pence
the financial par value
instrument, type
of instrument
----
Identification GB00BF41DS29
code
b) Nature of the Exercise of option
transaction
---- ------------------------------ ---------------------------------
c) Price(s) and volume(s)
---- -------------- --------------
Price(s) Volume(s)
---- -------------- --------------
1 pence 460,932
-------------------------------------------------- --------------
d) Aggregated information
----
- Aggregated volume 460,932
- Price GBP4,609.32
e) Date of the transaction 15 May 2018
---- ------------------------------ ---------------------------------
f) Place of the transaction London
---- ------------------------------ ---------------------------------
-Ends-
For further information please contact:
+44 (0)20
Cabot Energy Plc 7469 2900
Keith Bush, Chief Executive Officer
Nick Morgan, Finance Director
+44 (0)20
SP Angel Corporate Finance LLP 3470 0470
Nominated Adviser and Joint Broker
Richard Morrison, Richard Redmayne
+44 (0)20
GMP FirstEnergy LLP 7448 0200
Joint Broker
Jonathan Wright, David van Erp
+44 (0)20
FTI Consulting 3727 1000
Financial PR
Edward Westropp
Note to Editors:
Cabot Energy is an oil and gas company focused on production led
growth. The Company is undertaking a redevelopment and production
project in north west Alberta and has a broader portfolio of
exploration and appraisal opportunities in countries of relatively
low political risk, primarily Italy. Comprehensive information on
Cabot Energy and its oil and gas operations, including press
releases, annual reports and interim reports are available from
Cabot Energy's website: www.cabot-energy.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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