22 May 2017 11:38
FOR IMMEDIATE RELEASE 22 May 2017
CAIRN ENERGY PLC ("Cairn" or "the Company")
Share Purchase by Non-Executive Director
Cairn announces that on 19 May 2017, Iain McLaren, one of the Company's Non-Executive Directors, purchased 25,000 Ordinary Shares of 231/169 pence each in the Company at a price of £2.093311 per share.
Following this purchase, Mr McLaren's beneficial interests in the Ordinary Shares of the Company are as follows:-
Name of Director
| Previous Shares | Current Shares | % Issued Share Capital | |
Iain McLaren | 7,878 | 32,878 | 0.006 |
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 | Iain McLaren | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive 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 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 | 19th May 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Capricorn Energy PLC (CNE)