Director/PDMR Shareholding

Harbour Energy PLC

05 May 2023

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Harbour Energy plc

(the "Company", "Harbour")

Vesting of Conditional Share Award

Harbour today announces that the second one-third increment of the Conditional Share Award ("CSA") made to Linda Cook on 4 May 2021 has vested. The CSA was awarded to compensate Linda for incentive arrangements forfeited on stepping down from her role as Managing Director of EIG Global Energy Partners ("EIG").

The CSA was made in accordance with the Company's Remuneration Policy for the recruitment of a new executive director and was made under the terms of the Company's 2017 Long Term Incentive Plan. The vesting of the CSA is in one-third increments with the third increment due to vest on 4 May 2024.

Director	Shares vesting	Market price at vesting	Shares sold to cover statutory deductions	Shares retained
Linda Z. Cook	402,327	£2.387	158,517	243,810

Enquiries

Harbour Energy plc	Tel: [phone]
Elizabeth Brooks, Head of Investor Relations
Rachel Rickard, Company Secretary

Brunswick Group
Patrick Handley	Tel: [phone]
Will Medvei	Tel: [phone]

The information set out below is provided in accordance with the requirements of Article 19(3) of MAR

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Linda Z. Cook
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	Harbour Energy plc
b)	LEI	213800YPC42DYBKVPF97
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 Identification code	Ordinary shares of 0.002 pence each GB00BMBVGQ36
b)	Nature of the transaction	(i)            Vesting of Conditional Share Award under the 2017 LTIP (ii)           Shares sold to cover tax (balance of 243,810 shares retained)
c)	Price(s) and volume(s)	Price(s) Volume(s) (i)     £0.00 (ii)    £2.387 402,327 158,517
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) Total £0.00 402,327 £0.00 £2.387 158,517 £378,379.69
e)	Date of the transaction	2023-05-04
f)	Place of the transaction	Outside of trading venue

 

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