Director/PDMR Shareholding

RNS Number : 4092Z

Cairn Energy PLC

06 March 2013

 



FOR IMMEDIATE RELEASE                                                                                        6 March 2013

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

PDMR Monthly Purchase of Partnership Shares / Award of Matching Shares

under the Cairn Energy PLC 2010 Share Incentive Plan 2010 (the "SIP")

Cairn announces that, on 6 March 2013, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased 44 ordinary shares of ²³¹/₁₆₉ each in the capital of the Company ("Ordinary Shares") in the market at a price of £2.850240 per Share on behalf of the undernoted PDMR who participates in the "Partnership Share" element of the SIP (using deductions made each month from his gross salary).

An award of a further 88 Ordinary Shares was also made to the undernoted PDMR 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 PDMR's purchase and award under the SIP are as follows:

PDMR	No. of Partnership Shares purchased	No. of Matching Shares awarded	Total No. of Shares Acquired
Robert J E Jones*	44	88	132

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.

Following these notifications, the above PDMR's beneficial interests in the Ordinary Shares of the Company are as follows:-

PDMR	Ordinary Shares	% Issued Share Capital	Outstanding Awards under 2009 LTIP
Robert J E Jones*	136,468	0.023	192,434

*Robert J E Jones became a PDMR of the Company with effect from 1 January 2013 and is the Regional Director of the Company's assets in the Mediterranean and North Africa. 

 

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