FOR IMMEDIATE RELEASE 26 February 2014
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 3,147 Ordinary Shares of 231/169 pence each in the Company were purchased on 26 February 2014 on behalf of Alexander Berger at a price of £1.94 per Ordinary 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.
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
|
13,351 |
16,498 |
0.003 |