Interests of Directors ("PDMRs")

RNS Number : 8494W

Cairn Energy PLC

06 February 2012

 



FOR IMMEDIATE RELEASE                                                                                             6 February 2012

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

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

in the Company's Shares

At a General Meeting held on 30 January 2012 the Company received shareholder approval for the return of approximately $3.5 billion of cash to shareholders to be implemented by way of a "B Share Scheme" (the "Return of Cash"), together with an associated share capital consolidation pursuant to which each shareholder received 13 New Ordinary Shares of  pence each for every 33 Existing Ordinary Shares of  pence they held (the "Share Capital Consolidation").

The impact of the Share Capital Consolidation (which became effective at 8.00 a.m. today) on the directors' / PDMRs' beneficial interests in the share capital of the Company is shown in the table below.

Director/PDMR	Number of Existing Ordinary Shares of  pence held before the Share Capital Consolidation	Number of New Ordinary Shares of  pence held after the Share Capital Consolidation	Percentage of Issued New Ordinary Share Capital after the Share Capital Consolidation	Number of B Shares held	Outstanding awards under 2009 LTIP*
Sir Bill Gammell	3,165,473	1,247,004	0.225%	3,165,473	1,095,800
Todd Hunt	182,800	72,012	0.013%	182,800	0
Iain McLaren	20,000	7,878	0.001%	20,000	0
Dr James Buckee	60,031	23,648	0.004%	60,031	0
Alexander Berger	0	0	0.000%	0	0
Jackie Sheppard	0	0	0.000%	0	0
Simon Thomson	925,079	364,425	0.066%	925,079	1,027,440
Dr Mike Watts	2,898,858	1,141,974	0.206%	2,898,858	1,229,510
Jann Brown	714,348	281,409	0.051%	714,348	1,069,540
Phil Dolan	587,414	231,405	0.042%	587,414	183,236
Richard Heaton	1,205,212	474,780	0.086%	1,205,212	642,525
Paul Mayland	19,145	7,541	0.001%	19,145	232,791
Douglas Taylor	88,303	34,786	0.006%	88,303	95,675

*Participants in the 2009 LTIP who hold awards entitling them to acquire Ordinary Shares were not eligible to participate in the Return of Cash in respect of those awards. As a result of the Share Capital Consolidation, no adjustment was required to the terms of these entitlements.

 

END

 

 

MSCUGUUAPUPPUBQ