Transaction in Own Shares

RNS Number : 0473T
Cairn Energy PLC
22 November 2021
 

 

 

FOR IMMEDIATE RELEASE  22 November 2021

 

 

 

 

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

CAIRN ENERGY PLC

 

TRANSACTIONS IN OWN SHARES

 

 

 

Cairn announces that, on 19 November 2021, it purchased the following number of its ordinary shares of 21/13 pence each (the "OrdinaryShares") on the London Stock Exchange from Morgan Stanley & Co. International Plc ("Morgan Stanley"). Such purchase was effected pursuant to the instructions issued by the Company in accordance with the non-discretionary share repurchase arrangements entered into with Morgan Stanley, as announced on 15 November 2021.

 

Ordinary Shares

 

Date of purchase:

19 November 2021

Aggregate number of Ordinary Shares purchased:

72,529

Lowest price paid per share:

189.00 pence

Highest price paid per share:

195.10 pence

Average price paid per share:

191.95 pence

 

The Company intends to cancel the purchased Ordinary Shares.

 

Since 15 November 2021, the Company has purchased 407,852 shares at a cost (including dealing and associated costs) of £774,628.65.

 

A full breakdown of the individual trades made by Morgan Stanley on behalf of the Company as part of the share repurchase programme is attached to this document.

 

Attachment: http://www.rns-pdf.londonstockexchange.com/rns/0473T_1-2021-11-21.pdf

 

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

 

 

Enquiries

Analysts/Investors

David Nisbet, Corporate Affairs

Tel: 0131 475 3000

 

Media

Linda Bain/Jonathan Milne, Corporate Affairs

Tel: 0131 475 3000

 

 

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