TIDMCNE
RNS Number : 4670C
Cairn Energy PLC
13 April 2017
FOR IMMEDIATE RELEASE 13 April 2017
CAIRN ENERGY PLC ("Cairn" or "the Company")
Interests of Directors / Persons Discharging Managerial
Responsibility ("PDMRs")
in the Company's Shares
1. Award of Free Shares under the Company's 2010 Share Incentive Plan
Cairn announces that, on 13 April 2017, it made its annual
awards of up to GBP3,600 worth of ordinary shares of 231/169 pence
each in the Company ("Ordinary Shares") to eligible employees under
the "Free Share" element of the Company's HMRC approved
all-employee Share Incentive Plan established in April 2010 (the
"SIP"). No consideration was paid for the grant of these
awards.
Details of the Executive Directors and PDMRs who participated in
the award, having complied with the eligibility criteria in terms
of the rules of the SIP, are as follows:-
Executive Director / PDMR Number of Free
Shares Awarded
----------------------------------- ----------------
Simon Thomson, Chief Executive 1,717
----------------------------------- ----------------
James Smith, Chief Financial
Officer 1,717
----------------------------------- ----------------
Richard Heaton, Director of
Exploration 1,717
----------------------------------- ----------------
Paul Mayland, Chief Operating
Officer 1,717
----------------------------------- ----------------
Douglas Taylor, Deputy Finance
Director 1,717
----------------------------------- ----------------
Richard Ember, Regional Director,
International 1,717
----------------------------------- ----------------
Brita Holstad, Regional Director
(UK & Norway)* 0
----------------------------------- ----------------
Miles Warner, General Manager,
Senegal* 0
----------------------------------- ----------------
*Ms Holstad and Mr Warner do not participate in the SIP as they
are not UK resident tax payers.
The above awards were based on an Ordinary Share price of
GBP2.096, being the mid-market price of a Cairn share as at close
of business on 12 April 2017. The Ordinary Shares awarded to
participants in the SIP were existing shares previously purchased
in the market. In accordance with the rules of the SIP, its Trustee
will normally hold these Ordinary Shares on behalf of the relevant
individuals throughout a holding period of five years from the date
of award.
2. Summary of current holdings of Executive Directors / PDMRs
Following this announcement, the Executive Directors' and PDMRs'
beneficial interests in the Shares of the Company are as
follows:
Executive Director / Previous Current Shares % Issued Share Outstanding entitlements under 2009 LTIP
PDMR Shares Capital
---------------------- ---------- --------------- --------------------- ------------------------------------------
Unvested Awards Vested but
still subject to unexercised Awards*
performance
conditions
---------------------- ---------- --------------- --------------------- -------------------- --------------------
Simon Thomson 1,009,023 1,010,740 0.173 1,734,184 435,822
---------------------- ---------- --------------- --------------------- -------------------- --------------------
James Smith 217,204 218,921 0.038 1,127,924 283,461
---------------------- ---------- --------------- --------------------- -------------------- --------------------
Richard Heaton 996,954 998,671 0.171 1,086,755 182,076
---------------------- ---------- --------------- --------------------- -------------------- --------------------
Paul Mayland 317,085 318,802 0.055 955,396 236,589
---------------------- ---------- --------------- --------------------- -------------------- --------------------
Douglas Taylor 162,160 163,877 0.028 352,341 88,548
---------------------- ---------- --------------- --------------------- -------------------- --------------------
Brita Holstad 0 0 0 408,090 250,434
---------------------- ---------- --------------- --------------------- -------------------- --------------------
Richard Ember 4,567 6,284 0.001 433,615 0**
---------------------- ---------- --------------- --------------------- -------------------- --------------------
Miles Warner 0 0 0 206,111 0**
---------------------- ---------- --------------- --------------------- -------------------- --------------------
* This column includes all outstanding Awards that have vested
following the expiry of the applicable performance period,
regardless of whether or not they are currently capable of being
exercised under the rules of the 2009 LTIP.
**The Awards included within this column for other individuals
were originally made prior to the commencement of employment of
Richard Ember and Miles Warner.
The following notifications are 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 Simon Thomson
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Chief Executive
---- -------------------------- ----------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- --------------------------------------------------------------------
a) Name Cairn Energy PLC
---- -------------------------- ----------------------------------------
b) LEI 213800ZJEUQ8ZOC9AL24
---- -------------------------- ----------------------------------------
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 Ordinary shares of 231/169 pence
of the financial each ("Shares")
instrument,
type of instrument
----
Identification GB00B74CDH82
code
---- -------------------------- ----------------------------------------
b) Nature of Free shares awarded under the Company's
the all-employee Share Incentive Plan
transaction (2010)
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 1,717
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 13 April 2017
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name James Smith
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Chief Financial Officer
---- -------------------------- ----------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- --------------------------------------------------------------------
a) Name Cairn Energy PLC
---- -------------------------- ----------------------------------------
b) LEI 213800ZJEUQ8ZOC9AL24
---- -------------------------- ----------------------------------------
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 Ordinary shares of 231/169 pence
of the financial each ("Shares")
instrument,
type of instrument
----
Identification GB00B74CDH82
code
---- -------------------------- ----------------------------------------
b) Nature of Free shares awarded under the Company's
the all-employee Share Incentive Plan
transaction (2010)
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 1,717
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 13 April 2017
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Richard Heaton
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Director of Exploration
---- -------------------------- ----------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- --------------------------------------------------------------------
a) Name Cairn Energy PLC
---- -------------------------- ----------------------------------------
b) LEI 213800ZJEUQ8ZOC9AL24
---- -------------------------- ----------------------------------------
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 Ordinary shares of 231/169 pence
of the financial each ("Shares")
instrument,
type of instrument
----
Identification GB00B74CDH82
code
---- -------------------------- ----------------------------------------
b) Nature of Free shares awarded under the Company's
the all-employee Share Incentive Plan
transaction (2010)
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 1,717
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 13 April 2017
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Paul Mayland
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Chief Operating Officer
---- -------------------------- ----------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- --------------------------------------------------------------------
a) Name Cairn Energy PLC
---- -------------------------- ----------------------------------------
b) LEI 213800ZJEUQ8ZOC9AL24
---- -------------------------- ----------------------------------------
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 Ordinary shares of 231/169 pence
of the financial each ("Shares")
instrument,
type of instrument
----
Identification GB00B74CDH82
code
---- -------------------------- ----------------------------------------
b) Nature of Free shares awarded under the Company's
the all-employee Share Incentive Plan
transaction (2010)
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 1,717
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 13 April 2017
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Douglas Taylor
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Deputy Finance Director
---- -------------------------- ----------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- --------------------------------------------------------------------
a) Name Cairn Energy PLC
---- -------------------------- ----------------------------------------
b) LEI 213800ZJEUQ8ZOC9AL24
---- -------------------------- ----------------------------------------
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 Ordinary shares of 231/169 pence
of the financial each ("Shares")
instrument,
type of instrument
----
Identification GB00B74CDH82
code
---- -------------------------- ----------------------------------------
b) Nature of Free shares awarded under the Company's
the all-employee Share Incentive Plan
transaction (2010).
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 1,717
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 13 April 2017
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Richard Ember
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Regional Director, International
---- -------------------------- ----------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- --------------------------------------------------------------------
a) Name Cairn Energy PLC
---- -------------------------- ----------------------------------------
b) LEI 213800ZJEUQ8ZOC9AL24
---- -------------------------- ----------------------------------------
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 Ordinary shares of 231/169 pence
of the financial each ("Shares")
instrument,
type of instrument
----
Identification GB00B74CDH82
code
---- -------------------------- ----------------------------------------
b) Nature of Free shares awarded under the Company's
the all-employee Share Incentive Plan
transaction (2010)
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 1,717
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 13 April 2017
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 13, 2017 06:16 ET (10:16 GMT)
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