Director/PDMR Shareholding

RNS Number : 6973A

Caracal Energy Inc.

24 February 2014

 



Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities

CALGARY, Alberta, 24 February 2014 - Caracal Energy Inc. (the "Company") announces that pursuant to the Company's Long Term Incentive Plan ("LTIP") and Short Term Incentive Plan ("STIP"), on 18 February 2014 the Board of Directors authorized the issue of Share Units to Persons Discharging Managerial Responsibility ("PDMRs") as follows based on a 20 day Volume Weighted Average Price of $7.81 CDN per unit.

PDMR	No. of Share Units Acquired (STIP)(1)	No. of Share Units Acquired (LTIP)	Total Share Units Held as at 18 February 2014
Gary Guidry	39,245	201,665(2)	486,620
J. Dean Tucker	16,069	104,033(2)	246,857
Trevor Peters	16,261	104,033(2)	247,049
Tim Mills	384	67,862(2)	68,246
Nick Hands	8,323	67,862(2)	158,868
Lawrence West	8,323	67,862(2)	158,868
Tina Antony	9,219	71,703(2)	168,285
Herve Manuoan	9,923	76,825(2)	180,352
Ryan Ellson	9,603	67,862(2)	160,148
Jim Evans	8,771	67,862(2)	159,316
Robert B. Hodgins	-	29,449(3)	65,330
Ronald Royal	-	21,767(3)	48,288
Brooke Wade	-	21,767(3)	48,288
Carol Bell	-	10,884(3)	24,145
John Bentley	-	10,884(3)	24,145
Peter Dey	-	21,767(4)	42,502

(1)  STIP Restricted Share Units - Awards have no performance related element and vest one-third annually over three years.

(2)  LTIP Performance Share Units - Awards vest at the end of three years based on the achievement of performance conditions (75%) and continued employment (25%).

(3)  LTIP Restricted Share Units - Awards have no performance related element and are issued after three years.

(4)  LTIP Deferred Share Units - Awards have no performance related element and are issued upon retirement.

In all cases there was no consideration for the award of Share Units and the exercise price is nil.

This announcement is made in accordance with the requirement of DTR3.1.2.

For further information:

Caracal Energy Inc. Gary Guidry, President and Chief Executive Officer Trevor Peters, Chief Financial Officer

[phone]

 

END

 

 

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