Director/PDMR Shareholding

RNS Number : 9110S

Cairn Energy PLC

14 March 2019

 

FOR IMMEDIATE RELEASE                                                                                               14 March 2019

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

Share Purchases by PDMRs

Cairn announces that on 13 March 2019, Miles Warner, General Manager, Senegal, purchased 15,000 Ordinary Shares of 231/169 pence each in the Company at a price of £1.620697 per share.

The Company also announces that Eric Hathon, Director of Exploration, has today purchased 10,000 Ordinary Shares of 231/169 pence each in the Company at a price of £1.754 per share.

Following the above purchases, Mr Warner's and Mr Hathon's beneficial interests in the Ordinary Shares of the Company are as follows:-

PDMR	Previous Shares	Current Shares	% Issued Share Capital	Outstanding entitlements under 2009 and 2017 LTIPs
				Unvested Awards still subject to performance conditions
Miles Warner	0	15,000	0.003	734,826
Eric Hathon	21,759	31,759	0.005	1,163,771

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	Miles Warner
2	Reason for the notification
a)	Position/status	General Manager, Senegal
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 231/169 pence each ("Shares")
	Identification code	GB00B74CDH82
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.620697 15,000
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2019-03-13
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Eric Hathon
2	Reason for the notification
a)	Position/status	Director of Exploration
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 231/169 pence each ("Shares")
	Identification code	GB00B74CDH82
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.754 10,000
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2019-03-14
f)	Place of the transaction	London Stock Exchange

 

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