NOTIFICATION OF TRANSACTIONS OF DIRECTORS

RNS Number : 5982X
Harbour Energy PLC
05 May 2021
 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Harbour Energy plc

(the "Company")

Conditional Share Award

5 May 2021

 

A Conditional Share Award ("CSA") was made to Linda Cook on 4 May 2021 in connection with her joining the Board of Harbour Energy plc as Chief Executive Officer. The CSA was awarded to compensate the Chief Executive Officer for incentive arrangements forfeited on stepping down from her role as Managing Director of EIG Global Energy Partners ("EIG").

The CSA was made in accordance with the Company's Remuneration Policy for the recruitment of a new executive director and was made under the terms of the Company's 2017 Long Term Incentive Plan. The vesting of the CSA will be in one-third increments on the first, second and third anniversary of grant.

The CSA is structured to replicate the terms and value of the awards forfeited by the Chief Executive Officer on stepping down from EIG. The award price used to calculate the CSA was the Volume Weighted Average Price ("VWAP") during the month of April 2021, being £0.197p per share.

 

 Director

Shares awarded

Award price

Date of award

Linda Z Cook

23,117,049

£0.197p

4 May 2021

 

Enquiries

 

Harbour Energy plc  Tel: 020 7730 1111

Elizabeth Brooks, Head of Investor Relations

Rachel Rickard, Company Secretary

 

Brunswick Group 

Patrick Handley  Tel: 07974 982395

Will Medvei                                                                                                   Tel: 07823 527148

 

The information set out below is provided in accordance with the requirements of Article 19(3) of MAR

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Linda Z Cook

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Harbour Energy plc

b)

LEI

213800YPC42DYBKVPF97

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 0.0001 pence each


GB00BLGYGY88

b)

Nature of the transaction

Grant of Conditional Share Award

c)

Price(s) and volume(s)

Price(s)

Volume(s)

(i)  £0.00

 

23,117,049
 

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

23,117,049

£0.00

e)

Date of the transaction

2021-05-04

f)

Place of the transaction

Outside of trading venue

 


 

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