Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: David Lenigas answers investor questions in a detailed interview about UKOG, Doriemus, LGC Capital, AfriAg and Angus Energy.


Regulatory News


Director/PDMR Shareholding

Fri, 6th Oct 2017 12:43


RNS Number : 9647S
Cairn Energy PLC
06 October 2017

FOR IMMEDIATE RELEASE 6 October 2017

CAIRN ENERGY PLC ("Cairn" or "the Company")

Interests of Person Discharging Managerial Responsibility ("PDMR")

in the Company's Shares

1. Purchase of Partnership Shares / Award of Matching Shares under the Company's 2010 Share Incentive Plan (the "SIP")

Cairn announces that, on 6 October 2017, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased ordinary shares of 231/169 pence each in the Company ("Ordinary Shares") in the market at a price of 1.955091 per Ordinary Share on behalf of the participant below in the "Partnership Share" element of the SIP using a deduction made from their gross salary.

Cairn also announces that, on 6 October 2017, an award of further Ordinary Shares was made to the participant below under the "Matching Share" element of the SIP on the basis of two free Matching Shares for every one Partnership Share purchased. The Ordinary Shares used to satisfy this award were existing shares previously purchased in the market.

Details of the PDMR who participated in the purchase / award are as follows:

Director / PDMR

Number of Partnership Shares Purchased

Number of Matching Shares Awarded

Total Number of Shares Acquired

Eric Hathon, Director of Exploration

920

1,840

2,760

In accordance with the rules of the SIP, Partnership and Matching Shares are initially held by the Trustee on the participant's behalf and, in the case of Matching Shares, must normally remain so held throughout a period of five years from the date of award.

2. Summary of current holdings of PDMR

Following this announcement, the PDMR's beneficial interest in the Shares of the Company is as follows:

Executive Director / PDMR

Previous

Shares

Current Shares

% Issued Share Capital

Outstanding entitlements under 2017 LTIP

Unvested Awards still subject to performance conditions

Vested but unexercised Awards

Eric Hathon

0

2,760

0.0005

344,036

0



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

Eric Hathon

2

Reason for the notification

a)

Position/status

Director of Exploration

b)

Initial
notification/ Amendment

Initial Notification

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 of the financial instrument, type of instrument

Ordinary shares of 231 /169 pence each ("Shares")

Identification
code

GB00B74CDH82

b)

Nature of the
transaction

Partnership shares purchased under the Company's all-employee Share Incentive Plan (2010).

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.955091

920

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

2017-10-06

f)

Place of the transaction

London Stock Exchange

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 instrument

Ordinary shares of 231/169 pence each ("Shares")

Identification
code

GB00B74CDH82

b)

Nature of the
transaction

Matching shares awarded under the Company's all-employee Share Incentive Plan (2010) on the basis of two free matching shares for every one partnership share purchased.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00

1,840

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

2017-10-06

f)

Place of the transaction

London Stock Exchange


This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHOKADQDBDDNKK


Related Shares:
Cairn Energy (CNE)



Back to Regulatory News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.