Director/PDMR Shareholding

Capricorn Energy PLC

30 October 2023

 

FOR IMMEDIATE RELEASE                                                                                            30 October 2023

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

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

in the Company's Shares

1.         Purchase of Dividend Shares under the Company's 2010 Share Incentive Plan (the "SIP" or the "Plan")

Following the payment of the special dividend that was approved at the Company's general meeting held on 5 October 2023 (the "Special Dividend"), Capricorn announces that on 27 October 2023, the trustee of the Company's HMRC approved all-employee SIP purchased ordinary shares of ⁷³⁵/₁₄₃ pence each in the Company ("Ordinary Shares") in the market at a price of £1.6495 per Ordinary Share on behalf of those participants in the SIP who had elected to reinvest in further shares the Special Dividend payable on their holdings under the Plan.

As explained in the circular to shareholders dated 15 September 2023, any Ordinary Shares purchased in the above manner are classed as "Dividend Shares" for the purposes of the SIP and are subject to a mandatory three-year holding period during which they cannot normally be sold or otherwise withdrawn from the Plan. Any SIP participant who did not elect to reinvest in Dividend Shares received their Special Dividend in cash.

Details of the Executive Directors and PDMRs who elected to reinvest the Special Dividend payable on their holdings in the SIP are as follows:

Director / PDMR	Number of Dividend Shares Acquired
Randy Neely, Chief Executive	711
Nathan Piper, Commercial Director	711

2.         Summary of current holdings of Executive Directors / PDMRs

Following this announcement, the Executive Directors' and PDMRs' beneficial interests in the Ordinary Shares of the Company are as follows:

Executive Director / PDMR	Previous Shares*	Current Shares	% Issued Share Capital	Outstanding entitlements under 2017 LTIP
				Unvested Awards still subject to performance conditions	Vested but unexercised Awards**
Randy Neely	1,396	2,107	0.001	538,502	0
Nathan Piper	1,396	2,107	0.001	107,700	0

* This share number is the relevant holding following the 2 for 3 ordinary share consolidation that took place on 6 October 2023.   

** 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 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Randy Neely
2	Reason for the notification
a)	Position/status	Chief Executive
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 735/143 pence each ("Shares")
	Identification code	GB00BRJ7R218
b)	Nature of the transaction	Shares purchased under the Company's all-employee Share Incentive Plan (2010) following an election to reinvest a special dividend.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.6495 711
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	27 October 2023
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nathan Piper
2	Reason for the notification
a)	Position/status	Commercial Director
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 735/143 pence each ("Shares")
	Identification code	GB00BRJ7R218
b)	Nature of the transaction	Shares purchased under the Company's all-employee Share Incentive Plan (2010) following an election to reinvest a special dividend.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.6495 711
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	27 October 2023
f)	Place of the transaction	London Stock Exchange

 

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