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Director/PDMR Shareholding

23 Jan 2019 17:00

RNS Number : 9295N
Hurricane Energy PLC
23 January 2019
 

 

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:

GWA Joint Venture Operations Manager

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 financial instrument, type of instrument:

Identification code:

Ordinary shares of 0.1p each in Hurricane Energy plc ("Shares")

ISIN: GB00B580MF54

b)

Nature of the transaction:

Conditional share awards (Category D) granted for nil consideration under the Company's 2017 Performance Share Plan, subject to a three-year performance period and a share price hurdle of 55 pence per Share. The number of Shares that are subject to the initial award may be multiplied by the proportion of Share price growth over the performance period up to a maximum of double the initial award.

c)

Price(s) and volume(s):

 

Scheme

Price(s)

Volume(s)

PSP Category D

nil

175,439

d)

Aggregated information:

See above 4 c)

e)

Date of the transaction:

18 January 2019

f)

Place of the transaction:

Outside of trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Richard Tomlins

2.

Reason for the notification

a)

Position/status:

Development and Engineering Technical Director

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 financial instrument, type of instrument:

Identification code:

Ordinary shares of 0.1p each in Hurricane Energy plc ("Shares")

ISIN: GB00B580MF54

b)

Nature of the transaction:

Conditional share awards granted for nil consideration under the Company's 2017 Performance Share Plan:

- Category C - subject to certain of the performance conditions applicable to the Company's Value Creation Plan, previously disclosed in the Company's Annual Report and Accounts for the financial year ended 31 December 2017.

- Category D - granted for nil consideration under the 2017 Performance Share Plan, subject to a three-year performance period and a share price hurdle of 55 pence per Share. The number of Shares that are subject to the initial award may be multiplied by the proportion of Share price growth over the performance period up to a maximum of double the initial award.

c)

Price(s) and volume(s):

 

Scheme

Price(s)

Volume(s)

PSP Category C

nil

675,000

PSP Category D

nil

87,720

d)

Aggregated information:

See above 4 c)

e)

Date of the transaction:

18 January 2019

f)

Place of the transaction:

Outside of trading venue

 

 

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
 
 
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