Regulatory Story
Go to market news section View chart   Print
Company Cairn Energy PLC
TIDM CNE
Headline

Director/PDMR Shareholding - Replacement

Released 13:31 02-Apr-2013
Number 3453B13

RNS Number : 3453B
Cairn Energy PLC
02 April 2013
 



 

The following amendments have been made to the 'Director/PDMR Shareholding' announcement released on 20 March 2013 at 09:11 under RNS No 4319A.

 

In the first table under section 3. of the announcement the number of ordinary shares held by Ian Watt was incorrectly stated as 1,677 and should have been 61,677 and the % issued share capital was incorrectly stated as 0.000% and should have been 0.010%.

 

All other details remain unchanged.

 

The full amended text is shown below.

 

 

 

FOR IMMEDIATE RELEASE                                                                                               20 March 2013

 

 

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

 

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

in the Company's Shares

 

1.         Awards under the Company's Long Term Incentive Plan (2009) ("the 2009 LTIP")

 

Cairn announces that the following awards over its ordinary shares of 231/169 pence each ("Ordinary Shares") were made today under the 2009 LTIP to the undernoted Executive Directors and PDMRs of the Company:-

 

Executive Director / PDMR

Number of Ordinary Shares

 

Simon Thomson, Chief Executive

565,732

Dr Mike Watts, Deputy Chief Executive

500,000

Jann Brown, Managing Director and Chief Financial Officer

460,129

Richard Heaton, Exploration Director and Head of New Ventures

236,350

Paul Mayland, Chief Operating Officer

307,112

Phil Dolan, Director of Operations

172,413

Douglas Taylor, Deputy Finance Director

114,942

Ian Watt, Regional Director (North Atlantic)

143,678

Rob JE Jones, Regional Director (Mediterranean & North Africa)

143,678

 

All Ordinary Shares were awarded at £2.784 per Share, being the mid-market price of an Ordinary Share as at close of business on 19 March 2013. The vesting of the awards depends upon the extent to which performance conditions are met over a three year performance period.

 

2.         Award under the Company's 2009 Unapproved Option Plan

 

Cairn announces that the following award over its ordinary shares of 231/169 pence each ("Ordinary Shares") was made today under the 2009 Unapproved Option Plan to the undernoted PDMR of the Company:-

 

PDMR

Number of Ordinary Shares

 

Svein Ilebekk, Regional Director (UK & Norway)

183,245

 

The Ordinary Shares were awarded at £2.784 per Share, being the mid-market price of an Ordinary Share as at close of business on 19 March 2013.  The vesting of the award depends upon the extent to which performance conditions are met over a three year performance period.

 

3.         Summary of current holdings of Executive Directors / PDMRs

 

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

 

Executive Director / PDMR

Ordinary Shares

% Issued Share Capital

 

Outstanding Awards under 2009 LTIP

 

Simon Thomson

    367,103

0.061

1,615,507

Dr Mike Watts

 1,144,652

0.190

1,544,201

Jann Brown

    284,088

0.047

1,470,951

Richard Heaton

    477,458

0.079

  777,494

Paul Mayland

     10,220

0.002

  722,272

Phil Dolan

     22,994

0.004

  483,258

Douglas Taylor

     37,464

0.006

  292,910

Ian Watt

     61,677

0.010

  431,630

Rob JE Jones

   136,468

0.023

 336,112

 

PDMR

Ordinary Shares

% Issued Share Capital

 

Outstanding Awards under 2009 Unapproved Option Plan

 

Svein Ilebekk

1,763,144

0.292

306,150

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSBDGDSIDGBGXD
Close
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

Director/PDMR Shareholding - Replacement - RNS