Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCapricorn Energy PLC Regulatory News (CNE)

Share Price Information for Capricorn Energy PLC (CNE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 175.00
Bid: 175.20
Ask: 176.20
Change: 0.00 (0.00%)
Spread: 1.00 (0.571%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 175.00
CNE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Director/PDMR Shareholding

13 Mar 2019 10:56

RNS Number : 7527S
Cairn Energy PLC
13 March 2019
 

 

FOR IMMEDIATE RELEASE 13 March 2019

 

 

 

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

 

Interests of Directors / Persons Discharging Managerial Responsibility ("PDMRs")

in the Company's Shares

 

1. Grant of 2019 Awards under the Company's Long Term Incentive Plan (2017)

 

Cairn announces that, on 13 March 2019, the following Awards (in the form of "nil-cost" options) over its ordinary shares of 231/169 pence each ("Shares") were made under the Long Term Incentive Plan approved by shareholders in 2017 (the "2017 LTIP") to the undernoted Executive Directors and PDMRs of the Company:

 

Executive Director / PDMR

Number of Shares

Simon Thomson, Chief Executive

859,933

James Smith, Chief Financial Officer

559,305

Eric Hathon, Director of Exploration

460,732

Paul Mayland, Chief Operating Officer

480,851

Brita Holstad, Regional Director, UK & Norway

221,753

Richard Ember, Regional Director, International

198,059

Miles Warner, General Manager, Senegal

206,817

Douglas Taylor, Deputy Finance Director

178,210

David Nisbet, Director, Corporate Affairs

231,673

 

All Shares were awarded at £1.6770 per Share, being the mid-market closing price of a Share on 12 March 2019. The vesting of the Awards (which, in the case of the Executive Directors, have been granted in accordance with the Company's directors' remuneration policy that was approved at the 2017 AGM) depends upon the extent to which specified performance conditions are met over a three-year performance period.

 

2. Summary of current holdings of Executive Directors / PDMRs

 

Following the grant of the above Awards, the Executive Directors' and PDMRs' beneficial interests in the Shares of the Company are as follows:

 

 

 

Executive Director / PDMR

Current

Shares

% Issued Share Capital

Outstanding entitlements under 2009 and 2017 LTIPs

 

Unvested Awards still subject to performance conditions

Vested but unexercised Awards*

Simon Thomson

1,211,397

0.205

3,029,114

248,464

James Smith

461,204

0.078

1,970,154

161,602

Eric Hathon

21,759

0.004

1,163,771

0**

Paul Mayland

522,149

0.089

1,693,798

134,880

Brita Holstad

157,783

0.027

776,795

58,155

Richard Ember

49,402

0.008

693,792

69,932

Miles Warner

0

0

734,826

0**

Douglas Taylor

212,389

0.036

624,263

50,481

David Nisbet

85,271

0.014

783,248

57,423

 

* 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 applicable LTIP.

 

** The Awards included within this column for other individuals were originally made prior to the commencement of employment of Miles Warner and Eric Hathon.

 

 

 

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 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

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

859,933

d)

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

Date of the transaction

13 March 2019

f)

Place of the transaction

London Stock Exchange

 

 

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 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

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

559,305

d)

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

Date of the transaction

13 March 2019

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

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

460,732

d)

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

Date of the transaction

13 March 2019

f)

Place of the transaction

London Stock Exchange

 

 

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 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

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

480,851

d)

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

Date of the transaction

13 March 2019

f)

Place of the transaction

London Stock Exchange

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Brita Holstad

2

Reason for the notification

a)

Position/status

Regional Director, UK & Norway

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

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

221,753

d)

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

Date of the transaction

13 March 2019

f)

Place of the transaction

London Stock Exchange

 

 

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 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

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

198,059

d)

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

Date of the transaction

13 March 2019

f)

Place of the transaction

London Stock Exchange

 

 

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

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

206,817

d)

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

Date of the transaction

13 March 2019

f)

Place of the transaction

London Stock Exchange

 

 

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 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

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

178,210

d)

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

Date of the transaction

13 March 2019

f)

Place of the transaction

London Stock Exchange

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Nisbet

2

Reason for the notification

a)

Position/status

Director, Corporate Affairs

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

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

231,673

d)

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

Date of the transaction

13 March 2019

f)

Place of the transaction

London Stock Exchange

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHCKNDPKBKDNND
Date   Source Headline
28th Mar 20243:47 pmRNSHolding(s) in Company
28th Mar 20242:00 pmRNSTotal Voting Rights
28th Mar 20247:15 amRNSTransaction in Own Shares
28th Mar 20247:01 amRNSFull Year Results Announcement
27th Mar 20242:47 pmRNSHolding(s) in Company
27th Mar 20249:24 amRNSHolding(s) in Company
27th Mar 20247:00 amRNSTransaction in Own Shares
26th Mar 20248:00 amRNSHolding(s) in Company
26th Mar 20247:00 amRNSTransaction in Own Shares
25th Mar 20241:55 pmRNSHolding(s) in Company
25th Mar 20248:48 amRNSHolding(s) in Company
20th Mar 20248:35 amRNSHolding(s) in Company
18th Mar 202410:24 amRNSHolding(s) in Company
18th Mar 20247:27 amRNSTransaction in Own Shares
14th Mar 20247:00 amRNSTransaction in Own Shares
13th Mar 20244:05 pmRNSOrder issued by the SEBI
13th Mar 20241:40 pmRNSCapricorn to put forward Palliser Executive
13th Mar 20247:00 amRNSTransaction in Own Shares
12th Mar 20242:02 pmRNSHolding(s) in Company
12th Mar 202410:44 amRNSHolding(s) in Company
12th Mar 20247:00 amRNSTransaction in Own Shares
11th Mar 20247:00 amRNSTransaction in Own Shares
8th Mar 202412:54 pmRNSDirector/PDMR Shareholding
8th Mar 20247:00 amRNSTransaction in Own Shares
7th Mar 20247:00 amRNSTransaction in Own Shares
6th Mar 20241:58 pmRNSHolding(s) in Company
6th Mar 202411:22 amRNSHolding(s) in Company
6th Mar 202410:56 amRNSHolding(s) in Company
6th Mar 20247:00 amRNSTransaction in Own Shares
5th Mar 20247:00 amRNSTransaction in Own Shares
4th Mar 20242:06 pmRNSHolding(s) in Company
4th Mar 202411:30 amRNSHolding(s) in Company
4th Mar 20247:00 amRNSTransaction in Own Shares
1st Mar 20248:25 amRNSHolding(s) in Company
1st Mar 20247:00 amRNSTransaction in Own Shares
29th Feb 20249:19 amRNSTotal Voting Rights
29th Feb 20247:00 amRNSTransaction in Own Shares
28th Feb 20247:00 amRNSTransaction in Own Shares
27th Feb 202411:44 amRNSTransaction in Own Shares
27th Feb 20247:00 amRNSTransaction in Own Shares
26th Feb 20244:52 pmRNSHolding(s) in Company
26th Feb 20242:41 pmRNSHolding(s) in Company
26th Feb 20247:00 amRNSFull-Year Results Date
26th Feb 20247:00 amRNSTransaction in Own Shares
23rd Feb 20247:00 amRNSTransaction in Own Shares
22nd Feb 20247:00 amRNSTransaction in Own Shares
21st Feb 20247:00 amRNSTransaction in Own Shares
20th Feb 20247:00 amRNSTransaction in Own Shares
19th Feb 20243:21 pmRNSHolding(s) in Company
19th Feb 20247:47 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.