Director/PDMR Shareholding

RNS Number : 5304W

Capricorn Energy PLC

22 December 2021

 

FOR IMMEDIATE RELEASE  22 December 2021

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

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

in the Company's Shares

1.  Sale of Shares

Capricorn announces that, on 21 December 2021, Paul Mayland, Chief Operating Officer, sold 506,000 ordinary shares of ²¹/₁₃ pence each in the Company ("Ordinary Shares") at an average price of £1.8402 per share.

In connection with the management of his personal arrangements, Mr Mayland sought permission to sell the above noted number of Ordinary Shares ahead of the Company's anticipated special dividend that it has previously announced will be paid following receipt of any Indian tax refund. As this will temporarily reduce his holding in Capricorn below the level required by the "in service" element of the Company's shareholding guidelines for his role (which currently require individuals to build up and maintain a target holding equal to 200% of salary), Mr Mayland has confirmed to the Capricorn Remuneration Committee that, within a period of 12 months following the payment of any such special dividend, he will take the steps necessary to ensure that he is once again in compliance with these requirements. The Remuneration Committee confirms that none of the Ordinary Shares being sold are subject to any post-vesting holding period and that, following the disposal, the value of his remaining holding (which includes the net-of-tax value of his vested but unexercised LTIP awards detailed below) is equal to approximately 128% of salary.

2.   Summary of current holdings of Executive Director

Following this announcement, Paul Mayland's beneficial interests in the Shares of the Company is as follows:

PDMR	Previous Shares	Current Shares	% Issued Share Capital	Outstanding entitlements under 2009 and 2017 LTIPs
				Unvested Awards still subject to performance conditions	Vested but unexercised Awards*
Paul Mayland	551,464	45,464	0.0091	1,427,817	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 applicable 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	Paul Mayland
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/ 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
	Identification code	GB00BN0SMB92
b)	Nature of the transaction	Sale of ordinary shares of 21/13 pence each
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.8402 506,000
d)	Aggregated information -  Aggregated volume -  Price	-  Not applicable
e)	Date of the transaction	2021-12-21
f)	Place of the transaction	London Stock Exchange

 

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