Extension of Block Listing
FOR IMMEDIATE RELEASE 25 January 2021
CAIRN ENERGY PLC ("Cairn" or "the Company")
Extension of block listing
The Company announces that an application has been made to the Financial Conduct Authority ("FCA") and to the London Stock Exchange ("LSE") for the admission of a further 185,445 ordinary shares of 21/13 pence each ("Shares") to the Official List of the FCA and to trading on the London Stock Exchange's main market for listed securities.
These Shares are being reserved under an extension to an existing block listing and will be issued, as and when required, pursuant to the exercise of options granted under the Cairn Energy PLC Approved Share Option Plan (2009) (the "Approved Plan") and the Cairn Energy PLC Unapproved Share Option Plan (2009) (the "Unapproved Plan"). The allocation of this extension to the block listing between these two arrangements is as follows:
· 27,617 Shares for the Approved Plan; and
· 157,828 Shares for the Unapproved Plan.
On issue, the Shares reserved under the block listing will be fully paid and will rank pari passu in all respects with the existing issued shares of the Company.
It is expected that the extension to the block listing will become effective on 26 January 2021.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 4 minutes ago Prudential
- 15 minutes ago Vanquis Banking Group 20
- 2 hours ago Frasers Group
- 2 hours ago Cavendish Financial
- 2 hours ago Diaceutics