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Cairn Energy PLC (CNE)

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Tuesday 07 December, 2021

Cairn Energy PLC

Transaction in Own Shares

RNS Number : 7376U
Cairn Energy PLC
07 December 2021
 

 

 

FOR IMMEDIATE RELEASE  7 December 2021

 

 

 

 

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

CAIRN ENERGY PLC

 

TRANSACTIONS IN OWN SHARES

 

 

 

Cairn announces that, on 6 December 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:

6 December 2021

Aggregate number of Ordinary Shares purchased:

70,466

Lowest price paid per share:

178.70 pence

Highest price paid per share:

184.40 pence

Average price paid per share:

181.12 pence

 

The Company intends to cancel the purchased Ordinary Shares.

 

Since 15 November 2021, the Company has purchased 1,211,461 shares at a cost (including dealing and associated costs) of £2,266,289.12.

 

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/7376U_1-2021-12-6.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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