Director/PDMR Shareholding

RNS Number : 8389F

Cairn Energy PLC

22 May 2017

 

FOR IMMEDIATE RELEASE                                                                                                   22 May 2017

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

Share Purchase by Non-Executive Director

Cairn announces that on 19 May 2017, Iain McLaren, one of the Company's Non-Executive Directors, purchased 25,000 Ordinary Shares of 231/169 pence each in the Company at a price of £2.093311 per share.

Following this purchase, Mr McLaren's beneficial interests in the Ordinary Shares of the Company are as follows:-

Name of Director	Previous Shares	Current Shares	% Issued Share Capital
Iain McLaren	7,878	32,878	0.006

The following notification is intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Iain McLaren
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cairn Energy PLC
b)	LEI	213800ZJEUQ8ZOC9AL24
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	Ordinary shares of  pence each ("Shares")
	Identification code	GB00B74CDH82
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.093311 25,000
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	19th May 2017
f)	Place of the transaction	London Stock Exchange

 

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