REG - Capricorn Energy PLC - Director/PDMR Shareholding

Capricorn EnergyAnnouncement

08/04/2024 16:30

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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

 

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