Director/PDMR Shareholding

RNS Number : 5475E
Capricorn Energy PLC
11 March 2022
 

FOR IMMEDIATE RELEASE  11 March 2022

 

 

 

CAPRICORN ENERGY PLC ("Capricorn" or the "Company")

 

Interests of Directors / Persons Discharging Managerial Responsibility ("PDMRs")

in the Company's Shares

 

1.   Grant of 2022 Awards under the Company's Long Term Incentive Plan (2017)

 

Capricorn announces that, on 11 March 2022, the following Awards (in the form of "nil-cost" options) over its ordinary shares of 21/13 pence each ("Shares") were made under the Long Term Incentive Plan approved by shareholders in 2017 (the "2017 LTIP") to the undernoted Executive Directors and PDMRs of the Company:

 

Executive Director / PDMR

Number of Shares

Simon Thomson, Chief Executive

779,627

James Smith, Chief Financial Officer

507,073

Eric Hathon, Director of Exploration

417,706

Paul Mayland, Chief Operating Officer

435,946

 

All Shares were awarded at £1.957 per Share, being the mid-market closing price of a Share on 10 March 2022. The vesting of the Awards (which, in the case of the Executive Directors, have been granted in accordance with the Company's directors' remuneration policy that was approved at the 2020 AGM) depends upon the extent to which specified performance conditions are met over a three-year performance period. Following any such vesting, Awards will be subject to a further "holding period" during which they cannot be exercised; in the case of the Awards noted above, this period will not expire until the second anniversary of the vesting date.

 

2. Summary of current holdings of Executive Directors / PDMRs

 

Following the grant of the above Awards, the Executive Directors' and PDMRs' beneficial interests in the Shares of the Company are as follows:



 

 

Executive Director / PDMR

Current Shares

% Issued Share Capital

Outstanding entitlements under 2017 LTIP

 

Unvested Awards still subject to performance conditions

Vested but unexercised Awards*

Simon Thomson

1,150,319

0.232

3,348,889

629,600

James Smith

27,433

0.006

2,178,136

409,496

Eric Hathon

47,496

0.010

1,794,257

337,324

Paul Mayland

45,464

0.009

1,863,763

352,055

 

* This column includes all outstanding awards that have vested following the expiry of the applicable performance period, regardless of whether or not they are currently capable of being exercised under the rules of the 2017 LTIP.

 

The following notifications are 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

Simon Thomson

2

Reason for the notification

a)

Position/status

Chief Executive

b)

Initialnotification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Capricorn 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 21/13 pence each ("Shares")

Identificationcode

GB00BN0SMB92

b)

Nature of thetransaction

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

779,627

d)

Aggregated information

Aggregated volume

Price

 

 

Not applicable

e)

Date of the transaction

11 March 2022

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

James Smith

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initialnotification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Capricorn 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 21/13 pence each ("Shares")

Identificationcode

GB00BN0SMB92

b)

Nature of thetransaction

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

507,073

d)

Aggregated information

Aggregated volume

Price

 

 

Not applicable

e)

Date of the transaction

11 March 2022

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)

Initialnotification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Capricorn 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 21/13 pence each ("Shares")

Identificationcode

GB00BN0SMB92

b)

Nature of thetransaction

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

417,706

d)

Aggregated information

Aggregated volume

Price

 

 

Not applicable

e)

Date of the transaction

11 March 2022

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Paul Mayland

2

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

Initialnotification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Capricorn 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 21/13 pence each ("Shares")

Identificationcode

GB00BN0SMB92

b)

Nature of thetransaction

Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

435,946

d)

Aggregated information

Aggregated volume

Price

 

 

Not applicable

e)

Date of the transaction

11 March 2022

f)

Place of the transaction

London Stock Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

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