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Hi all,
(1) These are rewards for the 'other ranks', likely based on objective performance challenges.
(2) Note conditional nature.
FWIW
ATB
I can appreciate your cynicism, we are all frustrated with the sp, but this is just business as usual as per the executive share bonus scheme, timing included!
Unbelievably poor timing. Shows a total lack of respect to long term shareholders IMHO. The only positive for me is that since the board continue to feather their nests then they must believe the concept works. Why else would they continue to hoover up masses of shares!
Thought that they may have forgotten how to send an RNS but no they obviously haven't.
Good to see the current malaise in the share.price doesn't stop the directors and managers getting their nose in the trough.
Hurricane Energy PLC Director/PDMR Shareholding
Source: UK Regulatory (RNS & others)
TIDMHUR
RNS Number : 8939A
Hurricane Energy PLC
24 January 2020
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: General Manager (Aberdeen)
-------------------------------- --------------------------------------------
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
E) to be granted for nil consideration
under the Company's 2017 Performance
Share Plan, subject to a three-year
performance period and satisfaction
of certain performance conditions
including a share price hurdle of
42.74 pence per Share and vesting
of the Company's Value Creation Plan
(the conditions of which are disclosed
in the Company's Annual Rep