Director/PDMR Shareholding

Capricorn Energy PLC

26 April 2024

 

FOR IMMEDIATE RELEASE                                                                                       26 April 2024

CAPRICORN ENERGY PLC ("Capricorn" or "the Company")

Interests of Directors / Persons Discharging Managerial Responsibility ("PDMRs")

in the Company's Shares

1.  Award of Free Shares under the Company's 2010 Share Incentive Plan

Capricorn announces that, on 26 April 2024, it made its annual awards of up to £3,600 worth of ordinary shares of ⁷³⁵/₁₄₃ pence each in the Company ("Ordinary Shares") to eligible employees under the "Free Share" element of the Company's HMRC approved all-employee Share Incentive Plan established in April 2010 (the "SIP").  No consideration was paid for the grant of these awards. 

Details of the Executive Director and PDMRs who participated in the award, having complied with the eligibility criteria in terms of the rules of the SIP, are as follows:

Executive Director / PDMR	Number of Free Shares Awarded
Randy Neely, Chief Executive Officer	2,132
Geoff Probert, Chief Operating Officer	2,132
Nathan Piper, Commercial Director	2,132

The above awards were based on an Ordinary Share price of £1.688, being the closing price of a Capricorn share on 25 April 2024. The Ordinary Shares awarded to participants in the SIP were existing shares previously purchased in the market.  In accordance with the rules of the SIP, its Trustee will normally hold these Ordinary Shares on behalf of the relevant individuals throughout a holding period of five years from the date of award.

2. Summary of current holdings of Executive Director / PDMRs

Following this announcement, the Executive Director's and PDMRs' beneficial interests in the Shares of the Company are as follows:

Executive Director / PDMR	Previous Shares	Current Shares	% Issued Share Capital	Outstanding entitlements under 2017 LTIP and Deferred Bonus Plan
				Awards still subject to performance conditions	Awards not subject to performance conditions*
Randy Neely	2,107	4,239	0.005	1,109,930	37,164
Geoff Probert	0	2,132	0.002	428,571	0
Nathan Piper	3,934	6,066	0.007	279,128	0

* This column includes (i) all outstanding awards under the 2017 LTIP that have vested following the expiry of the applicable performance period; and (ii) all outstanding awards under the Company's Deferred Bonus Plan, the vesting of which is not subject to performance condition satisfaction.

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Randy Neely
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Capricorn 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 735/143 pence each
	Identification code	GB00BRJ7R218
b)	Nature of the transaction	Free shares awarded under the Company's all-employee Share Incentive Plan (2010)
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 2,132
d)	Aggregated information -   Aggregated volume -   Price	-     Not applicable
e)	Date of the transaction	2024-04-26
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Geoff Probert
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Capricorn 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 735/143 pence each
	Identification code	GB00BRJ7R218
b)	Nature of the transaction	Free shares awarded under the Company's all-employee Share Incentive Plan (2010)
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 2,132
d)	Aggregated information -   Aggregated volume -   Price	-     Not applicable
e)	Date of the transaction	2024-04-26
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nathan Piper
2	Reason for the notification
a)	Position/status	Commercial Director
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Capricorn 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 735/143 pence each
	Identification code	GB00BRJ7R218
b)	Nature of the transaction	Free shares awarded under the Company's all-employee Share Incentive Plan (2010)
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 2,132
d)	Aggregated information -   Aggregated volume -   Price	-     Not applicable
e)	Date of the transaction	2024-04-26
f)	Place of the transaction	London Stock Exchange

 

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