Last checked at 22 Sep 2023 10:26
FOR IMMEDIATE RELEASE 22 September 2023
CAPRICORN ENERGY PLC ("Capricorn" 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
Capricorn announces that, on 22 September 2023, it made its annual awards of up to £3,600 worth of ordinary shares of 490/143 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 Director and PDMR 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
|
Randy Neely, Chief Executive | 2,095 |
Nathan Piper, Commercial Director | 2,095 |
The above awards were based on an Ordinary Share price of £1.718, being the closing price of a Capricorn share on 21 September 2023. 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 Director's and PDMR's beneficial interests in the Ordinary Shares of the Company are 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* | ||||
Randy Neely | 0 | 2,095 | 0.001 | 538,502 | 0 |
Nathan Piper | 0 | 2,095 | 0.001 | 107,700 | 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 2017 LTIP.
The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Randy Neely | ||||
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 | Capricorn 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 490/143 pence each | ||||
Identification code | GB00BQ98V038 | |||||
b) | Nature of the transaction | Free shares awarded under the Company's all-employee Share Incentive Plan (2010) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
- Not applicable | ||||
e) | Date of the transaction | 2023-09-22 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Nathan Piper | ||||
2 | Reason for the notification | |||||
a) | Position/status | Commercial Director | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Capricorn 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 490/143 pence each | ||||
Identification code | GB00BQ98V038 | |||||
b) | Nature of the transaction | Free shares awarded under the Company's all-employee Share Incentive Plan (2010) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
- Not applicable | ||||
e) | Date of the transaction | 2023-09-22 | ||||
f) | Place of the transaction | London Stock Exchange | ||||