Director/PDMR Shareholding

RNS Number : 1656K

Cairn Energy PLC

12 December 2018

 

EMBARGOED FOR RELEASE AT 0700                                                                         12 December 2018

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

Share Purchase by Chief Executive

Cairn announces that on 11 December 2018, Simon Thomson, the Company's Chief Executive, purchased 31,812 Ordinary Shares of 231/169 pence each in the Company at a price of £1.56 per share.

Following this purchase, Mr Thomson's beneficial interest in the Ordinary Shares of the Company is as follows:-

Executive Director / PDMR	Previous Shares	Current Shares	% Issued Share Capital	Outstanding entitlements under 2009 and 2017 LTIPs
				Unvested Awards still subject to performance conditions	Vested but unexercised Awards*
Simon Thomson	1,179,585	1,211,397	0.205	2,169,181	248,464

* This column includes all outstanding Awards that have vested following the expiry of the applicable performance period, regardless of whether or not they are currently capable of being exercised under the rules of the applicable LTIP.

The following notification is intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simon Thomson
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cairn Energy PLC
b)	LEI	213800ZJEUQ8ZOC9AL24
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 231/169 pence each ("Shares")
	Identification code	GB00B74CDH82
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.56 31,812
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2018-12-11
f)	Place of the transaction	London Stock Exchange

 

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