Director/PDMR Shareholding

Capricorn Energy PLC

08 April 2024

 

FOR IMMEDIATE RELEASE                                                                                                  8 April 2024

CAPRICORN ENERGY PLC ("Capricorn" or the "Company")

Interests of Person Discharging Managerial Responsibility ("PDMR")

in the Company's Shares

1.         Grant of 2024 Award under the Company's Long Term Incentive Plan (2017)

Capricorn announces that, on 8 April 2024, the following award (in the form of a "nil-cost" option) (the "Award") over its ordinary shares of 735/143 pence each (the "Shares") was made under the Long Term Incentive Plan approved by shareholders in 2017 (the "2017 LTIP") to the undernoted PDMR of the Company (who commenced employment with Capricorn on 6 April 2024):

PDMR	Number of Shares
Eddie Ok, Chief Financial Officer	400,000

In order to ensure consistency with the grants made to the Company's executive director and other PDMRs on 2 April 2024, all Shares were awarded at £1.75 per Share (being the mid-market closing price of a Share on the dealing day immediately preceding such grants). The vesting of Eddie Ok's Award depends upon the extent to which specified performance conditions are met over a three-year performance period. Following any such vesting, the Award will be subject to a one year "holding period".

2.         Summary of current holding of PDMR

Following the grant of the above Award, the PDMR's beneficial interest in the Shares of the Company are as follows:

PDMR	Current Shares	% Issued Share Capital	Outstanding entitlements under 2017 LTIP
			Awards still subject to performance conditions	Awards not subject to performance conditions*
Eddie Ok	0	0	400,000	0

* This column includes all outstanding awards under the 2017 LTIP that have vested following the expiry of the applicable performance period.

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Eddie Ok
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Capricorn Energy PLC
b)	LEI	213800ZJEUQ8ZOC9AL24
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	Ordinary shares of 735/143 pence each ("Shares")
	Identification code	GB00BRJ7R218
b)	Nature of the transaction	Award (in the form of a nil-cost option) of a right to acquire Shares in the Company pursuant to the 2017 LTIP.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 400,000
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	8 April 2024
f)	Place of the transaction	London Stock Exchange

 

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