REG - Capricorn Energy PLC - Director/PDMR Shareholding
03/04/2024 09:30
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RNS Number : 1379J Capricorn Energy PLC 03 April 2024
FOR IMMEDIATE
RELEASE
3 April 2024
CAPRICORN ENERGY PLC ("Capricorn" or the "Company")
Interests of Directors / Persons Discharging Managerial Responsibility
("PDMRs")
in the Company's Shares
1. Grant of 2024 Awards under the Company's Long Term Incentive
Plan (2017)
Capricorn announces that, on 3 April 2024, the following awards (in the form
of "nil-cost" options) ("Awards") over its ordinary shares of 735/143 pence
each ("Shares") were made under the Long Term Incentive Plan approved by
shareholders in 2017 (the "2017 LTIP") to the undernoted Executive Director
and PDMRs of the Company:
Executive Director / PDMR Number of Shares
Randy Neely, Chief Executive 571,428
Geoff Probert, Chief Operating Officer 428,571
Nathan Piper, Commercial Director 171,428
All Shares were awarded at £1.75 per Share, being the mid-market closing
price of a Share on the dealing day immediately preceding the grant date. The
vesting of the Awards (which, in the case of Randy Neely's, has been granted
in accordance with the Company's directors' remuneration policy that was
approved at the 2023 AGM) depends upon the extent to which specified
performance conditions are met over a three-year performance period. Following
any such vesting, the Award granted to Randy Neely will be subject to a
further two year "holding period" during which it cannot be exercised. The
Award granted to Geoff Probert will be subject to a one year "holding period".
2. Grant of 2024 Awards under the Company's Deferred Bonus
Scheme
In terms of Capricorn's directors' remuneration policy that was approved at
the 2023 AGM, 25% of an Executive Director's annual bonus must delivered in
the form of an award of Shares under the Company's Deferred Bonus Plan ("DBP")
that will vest at the end of a further period of three years. The vesting of
any such Award is not subject to the satisfaction of any additional
performance conditions.
Accordingly, Capricorn announces that, on 3 April 2024, the following Award
was made under the DBP to the undernoted Executive Director of the Company:
Executive Director / PDMR Number of Shares
Randy Neely, Chief Executive 37,164
All Shares were awarded at £1.75 per Share, being the closing price of a
Share on the dealing day immediately preceding the grant date.
3. Summary of current holdings of Executive Directors / PDMRs
Following the grant of the above Awards, the Executive Director's and PDMRs'
beneficial interests in the Shares of the Company are as follows:
Executive Director / PDMR Current Shares % Issued Share Capital Outstanding entitlements under 2017 LTIP and DBP
Awards still subject to performance conditions Awards not subject to performance conditions*
Randy Neely 2,107 0.002 1,109,930 37,164
Geoff Probert 0 0 428,571 0
Nathan Piper 3,676 0.004 279,128 0
* This column includes (i) all outstanding awards under the 2017 LTIP that
have vested following the expiry of the applicable performance period; and
(ii) all outstanding awards under the DBP, the vesting of which is not subject
to performance condition satisfaction.
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 Randy Neely
2 Reason for the notification
a) Position/status Chief Executive
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)
£0 571,428
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2024
f) Place of the transaction London Stock Exchange
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 DBP.
c) Price(s) and volume(s) Price(s) Volume(s)
£0 37,164
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
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 DBP.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£0 37,164
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Nathan Piper
2 Reason for the notification
a) Position/status Commercial Director
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)
£0 171,428
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Geoff Probert
2 Reason for the notification
a) Position/status Chief Operating 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)
£0 428,571
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
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