Director/PDMR Shareholding

RNS Number : 6265C

Cairn Energy PLC

19 March 2014

 



EMBARGOED FOR RELEASE AT 0700                                                                               19 March 2014

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	959,794
Dr Mike Watts, Deputy Chief Executive	848,275
Jann Brown, Managing Director and Chief Financial Officer	780,633
Richard Heaton, Exploration Director and Head of New Ventures	400,980
Paul Mayland, Chief Operating Officer	521,031
Phil Dolan, Director of Operations	292,508
Douglas Taylor, Deputy Finance Director	195,005
Ian Watt, Regional Director (North Atlantic & Mediterranean)	243,757
Rob JE Jones, Regional Director (North Africa)	243,757
Brita Holstad, Regional Director (UK & Norway)	275,761

All Ordinary Shares were awarded at £1.682 per Share, being the mid-market price of an Ordinary Share as at close of business on 18 March 2014. 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	387,383	0.067	2,364,301
Dr Mike Watts	1,164,932	0.202	2,195,476
Jann Brown	295,550	0.051	1,998,484
Richard Heaton	600,102	0.104	1,039,674
Paul Mayland	12,867	0.002	1,122,091
Phil Dolan	25,641	0.004	758,869
Douglas Taylor	40,108	0.007	471,481
Ian Watt	32,740	0.006	605,080
Rob JE Jones	139,247	0.024	563,576
Brita Holstad	0	0.000	275,761

 

END

 

 

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