Transaction in Own Shares

RNS Number : 2591V

Cairn Energy PLC

10 December 2021

 

FOR IMMEDIATE RELEASE  10 December 2021

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

CAIRN ENERGY PLC

TRANSACTIONS IN OWN SHARES

Cairn announces that, on 9 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:	9 December 2021
Aggregate number of Ordinary Shares purchased:	50,769
Lowest price paid per share:	182.90 pence
Highest price paid per share:	187.30 pence
Average price paid per share:	184.49 pence

The Company intends to cancel the purchased Ordinary Shares.

Since 15 November 2021, the Company has purchased 1,388,874 shares at a cost (including dealing and associated costs) of £2,593,544.92.

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/2591V_1-2021-12-10.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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