Extension of Block Listing

RNS Number : 7458M

Cairn Energy PLC

25 January 2021

 

FOR IMMEDIATE RELEASE  25 January 2021

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

Extension of block listing

The Company announces that an application has been made to the Financial Conduct Authority ("FCA") and to the London Stock Exchange ("LSE") for the admission of a further 185,445 ordinary shares of ²¹/₁₃ pence each ("Shares") to the Official List of the FCA and to trading on the London Stock Exchange's main market for listed securities.

These Shares are being reserved under an extension to an existing block listing and will be issued, as and when required, pursuant to the exercise of options granted under the Cairn Energy PLC Approved Share Option Plan (2009) (the "Approved Plan") and the Cairn Energy PLC Unapproved Share Option Plan (2009) (the "Unapproved Plan").  The allocation of this extension to the block listing between these two arrangements is as follows:

· 27,617 Shares for the Approved Plan; and

· 157,828 Shares for the Unapproved Plan.

On issue, the Shares reserved under the block listing will be fully paid and will rank pari passu in all respects with the existing issued shares of the Company.

It is expected that the extension to the block listing will become effective on 26 January 2021.

 

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