REG - Capricorn Energy PLC - Director/PDMR Shareholding
04/04/2025 09:15
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RNS Number : 7022D Capricorn Energy PLC 04 April 2025
FOR IMMEDIATE
RELEASE
04 April 2025
CAPRICORN ENERGY PLC ("Capricorn" or the "Company")
Interests of Directors / Persons Discharging Managerial Responsibility
("PDMRs")
in the Company's Shares
1. Grant of 2025 Awards under the Company's Long Term Incentive
Plan (2017)
Capricorn announces that, on 3 April 2025, the following awards (in the form
of "nil-cost" options) ("Awards") over its ordinary shares of 799/122 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 413,564
Geoff Probert, Chief Operating Officer 319,478
Eddie Ok, Chief Financial Officer 289,495
Nathan Piper, Commercial Director 127,790
All Shares were awarded at £2.418 per Share, being the average mid-market
closing price of a Share over the three dealing days 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 (the "Approved Policy")) 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.
2. Grant of 2025 Awards under the Company's Deferred Bonus
Scheme
Capricorn also announces that, on 3 April 2025, the following Awards over
Shares were granted under the Company's Deferred Bonus Plan ("DBP") to the
undernoted Executive Director and PDMRs:
Executive Director / PDMR Number of Shares
Randy Neely, Chief Executive 55,572
Geoff Probert, Chief Operating Officer 41,679
Eddie Ok, Chief Financial Officer 28,727
Nathan Piper, Commercial Director 8,891
These Awards related to the annual bonuses payable to the relevant individuals
in respect of the financial year to 31 December 2024. In Randy Neely's case,
and in accordance with the terms of the Approved Policy, his Award represents
25% of his total bonus for that period.
All Shares were awarded at £2.418 per Share, being the average mid-market
closing price of a Share over the three dealing days immediately preceding the
grant date. These Awards will normally vest on or around the third
anniversary of their date of grant; such vesting is not subject to the
satisfaction of any additional performance conditions.
3. Summary of current holdings of Executive Director / 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 4,395 0.01 1,523,494 92,736
Geoff Probert 0 0 748,049 41,679
Eddie Ok 0 0 689,495 28,727
Nathan Piper 7,950 0.01 406,918 8,891
* 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 799/122 pence each ("Shares")
Identification code GB00BNKT5L33
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)
£0 413,564
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2025
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 799/122 pence each ("Shares")
Identification code GB00BNKT5L33
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 55,572
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2025
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2025
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 799/122 pence each ("Shares")
Identification code
GB00BNKT5L33
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 55,572
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2025
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 799/122 pence each ("Shares")
Identification code GB00BNKT5L33
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)
£0 319,478
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2025
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 799/122 pence each ("Shares")
Identification code GB00BNKT5L33
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 41,679
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2025
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2025
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 799/122 pence each ("Shares")
Identification code
GB00BNKT5L33
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 41,679
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2025
f)
Place of the transaction
London Stock Exchange
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 799/122 pence each ("Shares")
Identification code GB00BNKT5L33
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)
£0 289,495
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2025
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 799/122 pence each ("Shares")
Identification code GB00BNKT5L33
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 28,727
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2025
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2025
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 799/122 pence each ("Shares")
Identification code
GB00BNKT5L33
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 28,727
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2025
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 799/122 pence each ("Shares")
Identification code GB00BNKT5L33
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)
£0 127,790
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2025
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 799/122 pence each ("Shares")
Identification code GB00BNKT5L33
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 8,891
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 3 April 2025
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2025
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 799/122 pence each ("Shares")
Identification code
GB00BNKT5L33
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 8,891
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
3 April 2025
f)
Place of the transaction
London Stock Exchange
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