FOR IMMEDIATE RELEASE 27 August 2013
CAIRN ENERGY PLC ("Cairn" or "the Company")
Interest of Non-Executive Director
Share Purchase on behalf of Alexander Berger
Cairn was notified today that a total of 2,164 Ordinary Shares of 231/169 pence each in the Company were purchased on 27 August 2013 on behalf of Alexander Berger at a price of £2.7521 per Share.
The above purchase follows Mr Berger's election to receive 100% of his fees in the form of Ordinary Shares and has been made pursuant to an agreement in terms of which shares are purchased on his behalf on a regular basis in accordance with standing instructions. This is the first purchase of Shares that has been made in accordance with such arrangements.
Following this announcement the above named Director's beneficial interest in the Ordinary Shares of the Company is as follows:-
Previous Shareholding |
New Shareholding |
% of Issued Share Capital
|
0 |
2,164 |
0.0004 |