For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240408:nRSH7359Ja&default-theme=true
RNS Number : 7359J 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
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
8 April 2024
f)
Place of the transaction
London Stock Exchange
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
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 (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHBUGDSSDGDGSI