Last checked at 2 Jul 2021 16:30
Harbour Energy plc(the "Company" or "Harbour")
Grant of Conditional Share Award under the Company's 2017 Long Term Incentive Plan (the "2017 LTIP")
Following approval by shareholders of the Company's Remuneration Policy at the 2021 Annual General Meeting, a Conditional Share Award ("CSA") was made to Alexander Krane on 30 June 2021. The CSA has been granted in the form of a contingent share award over ordinary shares in the Company.
The CSA was made in accordance with the Company's Remuneration Policy and under the terms of the 2017 LTIP. The CSA will vest based on continued employment on 1 April 2024 and the net number of shares vesting will be subject to a two-year holding period to 1 April 2026. The CSA is also subject to malus and clawback provisions under the 2017 LTIP.
The number of shares awarded is based on the average of the mid-market closing prices for the five dealing days preceding the award date (on a post-consolidation basis).
Director | Shares awarded | Award price | Date of award |
Alexander Krane | 264,354 | £3.7828 | 30 June 2021 |
Enquiries
Harbour Energy plc Tel: 020 7730 1111
Elizabeth Brooks, Head of Investor Relations
Rachel Rickard, Company Secretary
The information set out below is provided in accordance with the requirements of Article 19(3) of MAR
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Alexander Krane | ||||
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 | Harbour Energy plc | ||||
b) | LEI | 213800YPC42DYBKVPF97 | ||||
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 Identification code | Ordinary shares of 0.002 pence each GB00BMBVGQ36 | ||||
b) | Nature of the transaction | Grant of a Conditional Share Award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
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264,354 £0.00 | ||||
e) | Date of the transaction | 2021-06-30 | ||||
f) | Place of the transaction | Outside a trading venue | ||||