Transaction in Own Shares

RNS Number : 2944U

Cairn Energy PLC

02 December 2021

 

FOR IMMEDIATE RELEASE  2 December 2021

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

CAIRN ENERGY PLC

TRANSACTIONS IN OWN SHARES

Cairn announces that, on 1 December 2021, it purchased the following number of its ordinary shares of ²¹/₁₃ pence each (the "OrdinaryShares") on the London Stock Exchange from Morgan Stanley & Co. International Plc ("Morgan Stanley"). Such purchase was effected pursuant to the instructions issued by the Company in accordance with the non-discretionary share repurchase arrangements entered into with Morgan Stanley, as announced on 15 November 2021.

Ordinary Shares

Date of purchase:	1 December 2021
Aggregate number of Ordinary Shares purchased:	87,628
Lowest price paid per share:	185.00 pence
Highest price paid per share:	188.90 pence
Average price paid per share:	187.79 pence

The Company intends to cancel the purchased Ordinary Shares.

Since 15 November 2021, the Company has purchased 996,636 shares at a cost (including dealing and associated costs) of £1,873,592.98.

A full breakdown of the individual trades made by Morgan Stanley on behalf of the Company as part of the share repurchase programme is attached to this document.

Attachment: http://www.rns-pdf.londonstockexchange.com/rns/2944U_1-2021-12-1.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries
Analysts/Investors
David Nisbet, Corporate Affairs	Tel: [phone]
Media
Linda Bain/Jonathan Milne, Corporate Affairs	Tel: [phone]

 

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