NOTIFICATION OF TRANSACTIONS OF DIRECTORS

RNS Number : 5982X

Harbour Energy PLC

05 May 2021

 

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

Harbour Energy plc

(the "Company")

Conditional Share Award

5 May 2021

A Conditional Share Award ("CSA") was made to Linda Cook on 4 May 2021 in connection with her joining the Board of Harbour Energy plc as Chief Executive Officer. The CSA was awarded to compensate the Chief Executive Officer 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 will be in one-third increments on the first, second and third anniversary of grant.

The CSA is structured to replicate the terms and value of the awards forfeited by the Chief Executive Officer on stepping down from EIG. The award price used to calculate the CSA was the Volume Weighted Average Price ("VWAP") during the month of April 2021, being £0.197p per share.

Director	Shares awarded	Award price	Date of award
Linda Z Cook	23,117,049	£0.197p	4 May 2021

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 0.0001 pence each GB00BLGYGY88
b)	Nature of the transaction	Grant of Conditional Share Award
c)	Price(s) and volume(s)	Price(s) Volume(s) (i)  £0.00 23,117,049
d)	Aggregated information - Aggregated volume - Price	23,117,049 £0.00
e)	Date of the transaction	2021-05-04
f)	Place of the transaction	Outside of trading venue

 

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