Director/PDMR Shareholding

RNS Number : 3675F

Cairn Energy PLC

14 June 2012

 



FOR IMMEDIATE RELEASE                                                                                                 14 June 2012

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	513,335
Dr Mike Watts, Deputy Chief Executive	469,691
Jann Brown, Managing Director and Chief Financial Officer	432,282
Richard Heaton, Exploration Director	249,619
Paul Mayland, Director - Planning and Business Development	182,369
Phil Dolan, Director of Operations	182,369
Douglas Taylor, Deputy Finance Director	116,903

All Ordinary Shares were awarded at £2.887 per Share, being the mid-market price of an Ordinary Share as at close of business on 13 June 2012.  The vesting of the awards depends upon the extent to which performance conditions are met over a three year performance period.

2.         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	364,424	0.060%	1,540,775
Dr Mike Watts	1,141,973	0.190%	1,699,201
Jann Brown	281,409	0.047%	1,501,822
Richard Heaton	474,779	0.079%	892,144
Paul Mayland	7,541	0.001%	415,160
Phil Dolan	20,315	0.003%	365,605
Douglas Taylor	34,785	0.006%	212,578

 

END

 

 

RDSBKQDPFBKKAAD