Last checked at 14 Mar 2019 12:15
FOR IMMEDIATE RELEASE 14 March 2019
CAIRN ENERGY PLC ("Cairn" or "the Company")
Share Purchases by PDMRs
Cairn announces that on 13 March 2019, Miles Warner, General Manager, Senegal, purchased 15,000 Ordinary Shares of 231/169 pence each in the Company at a price of £1.620697 per share.
The Company also announces that Eric Hathon, Director of Exploration, has today purchased 10,000 Ordinary Shares of 231/169 pence each in the Company at a price of £1.754 per share.
Following the above purchases, Mr Warner's and Mr Hathon's beneficial interests in the Ordinary Shares of the Company are as follows:-
PDMR | Previous Shares | Current Shares | % Issued Share Capital | Outstanding entitlements under 2009 and 2017 LTIPs
|
Unvested Awards still subject to performance conditions
| ||||
Miles Warner | 0 | 15,000 | 0.003 | 734,826 |
Eric Hathon | 21,759 | 31,759 | 0.005 | 1,163,771 |
The following notification is 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 | Miles Warner | ||||
2 | Reason for the notification | |||||
a) | Position/status | General Manager, Senegal | ||||
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 | Purchase | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable | ||||
e) | Date of the transaction | 2019-03-13 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
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 | Purchase | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable | ||||
e) | Date of the transaction | 2019-03-14 | ||||
f) | Place of the transaction | London Stock Exchange | ||||