Director/PDMR Shareholding

RNS Number : 1351G

Cairn Energy PLC

06 May 2011

 



FOR IMMEDIATE RELEASE                                                                                                    6 May 2011

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

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

in the Company's Shares

1.         Purchase of Partnership Shares / Award of Matching Shares under the Company's 2010 Share Incentive Plan (the "SIP")

Cairn announces that, on 6 May 2011, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased ordinary shares of ⁸/₁₃ pence each in the Company ("Ordinary Shares") in the market at a price of £4.2270 per Ordinary Share on behalf of participants in the "Partnership Share" element of the SIP using deductions made from their gross salary.

Cairn also announces that, on 6 May 2011, awards of further Ordinary Shares were made to the above participants under the "Matching Share" element of the SIP on the basis of two free Matching Shares for every one Partnership Share purchased. The Ordinary Shares used to satisfy these awards were previously purchased in the market by the Trustee.

Details of the Executive Directors and PDMRs who participated in the purchase / award are as follows:

Director/PDMR	Number of Partnership Shares Purchased	Number of Matching Shares Awarded	Total Number of Shares Acquired
Sir Bill Gammell, Chief Executive	355	710	1065
Dr Mike Watts, Deputy Chief Executive	355	710	1065
Malcolm Thoms, Chief Operating Officer	355	710	1065
Phil Tracy, Engineering & Operations Director	355	710	1065
Jann Brown, Finance Director	355	710	1065
Simon Thomson, Legal & Commercial Director	355	710	1065
Richard Heaton, Exploration Director	355	710	1065
Paul Mayland, Director - Planning & Business Development	355	710	1065

In accordance with the rules of the SIP, Partnership and Matching Shares are initially held by the Trustee on the participants' behalf and, in the case of Matching Shares, must normally remain so held throughout a period of five years from the date of award. 

2.         Summary of Current Holdings of Directors / PDMR

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

Director / PDMR	Previous Ordinary Shares	Current Ordinary Shares	% Issued Share Capital	Outstanding Awards under 2006 LTIP	Outstanding Awards under Replacement LTIP	Outstanding Awards under 2009 LTIP
				Cairn India Units	Ordinary Shares	Ordinary Shares
Sir Bill Gammell	2,877,018	2,878,083	0.205	223,600	546,291	1,095,800
Dr Mike Watts	2,444,424	2,445,489	0.175	81,520	597,507	852,000
Malcolm Thoms	502,185	503,250	0.036	139,750	341,432	589,700
Phil Tracy	469,938	471,003	0.034	139,750	341,432	589,700
Jann Brown	455,365	456,430	0.032	116,460	284,527	744,100
Simon Thomson	599,963	601,028	0.043	58,230	426,790	702,000
Richard Heaton	786,963	788,028	0.056	0	569,054	489,800
Paul Mayland	8,330	9,395	0.001	0	0	121,212

 

END

 

 

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