Director/PDMR Shareholding

RNS Number : 2482J

Cairn Energy PLC

26 March 2010

 



FOR IMMEDIATE RELEASE                                                                                               26 March 2010

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

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

in the Company's Shares

Awards under the Company's Long Term Incentive Plan (2009) ("the 2009 LTIP")

Cairn announces that the following awards were made today under the 2009 LTIP to the Executive Directors and a PDMR of the Company:-

Director / PDMR	Number of Cairn Shares
Sir Bill Gammell, Chief Executive	421,800
Dr Mike Watts, Deputy Chief Executive	197,000
Malcolm Thoms, Chief Operating Officer	168,700
Phil Tracy, Engineering & Operations Director	168,700
Jann Brown, Finance Director	253,100
Simon Thomson, Legal & Commercial Director	211,000
Richard Heaton, Exploration Director	138,800

All Cairn Shares were awarded at £4.267 per Share, being the mid-market price of a Cairn Share as at close of business on 25 March 2010.

Following this announcement, the Executive Directors' / PDMR's beneficial interests in the Ordinary Shares of the Company are as follows:-

Director / PDMR	Ordinary Shares	% Issued Share Capital	Outstanding Awards under the 2006 LTIP		Outstanding Awards under Replacement LTIP	Outstanding Awards under 2009 LTIP
			Cairn India Units	Ordinary Shares (subject to holding period) *	Ordinary Shares	Ordinary Shares
Sir Bill Gammell	3,210,736	0.229	223,600	226,454	546,291	1,095,800
Dr Mike Watts	2,419,181	0.173	81,520	82,561	597,507	852,000
Malcolm Thoms	500,351	0.036	139,750	212,300	341,432	589,700
Phil Tracy	468,104	0.033	139,750	141,534	341,432	589,700
Jann Brown	396,196	0.028	116,460	117,945	284,527	744,100
Simon Thomson	598,129	0.043	58,230	58,972	426,790	702,000
Richard Heaton	785,129	0.056	0	58,972	569,054	489,800

*Under the 2006 LTIP, any Ordinary Shares not released immediately on vesting are not beneficially owned by the participant until the expiry of the one year holding period.  As a result, these Ordinary Shares have not been included in the first column of the above table.

 

END

 

 

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