Director/PDMR Shareholding

RNS Number : 5413M

Cairn Energy PLC

07 May 2015

 

FOR IMMEDIATE RELEASE                                                                                                    7 May 2015

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 2015, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased ordinary shares of ²³¹/₁₆₉ pence each in the Company ("Ordinary Shares") in the market at a price of £1.830 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 2015, 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
Simon Thomson, Chief Executive	984	1,968	2,952
James Smith, Chief Financial Officer	984	1,968	2,952
Richard Heaton, Directors of Exploration	984	1,968	2,952
Paul Mayland, Chief Operating Officer	984	1,968	2,952
Douglas Taylor, Deputy Finance Director	984	1,968	2,952
Rob JE Jones, Regional Director (North Africa)	983	1,966	2,949
Brita Holstad, Regional Director (UK & Norway)1	0	0	0

¹ Brita Holstad does not participate in the SIP as she is not a UK resident tax payer.

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 Executive Directors / PDMRs

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

Executive Director / PDMR	Ordinary Shares	% Issued Share Capital	Outstanding Awards under 2009 LTIP
Simon Thomson	512,636	0.089%	2,916,051
James Smith	62,853	0.011%	1,194,785
Richard Heaton	709,390	0.123%	1,436,654
Paul Mayland	22,155	0.004%	1,486,700
Douglas Taylor	49,396	0.009%	605,072
Rob J E Jones	148,532	0.026%	750,497
Brita Holstad	0	0	481,073

 

END

 

 

RDSPKODPQBKDKPK