Director/PDMR Shareholding

Harbour Energy

09/04/2026 16:00

RNS Number : 8710Z

Harbour Energy PLC

09 April 2026

 

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Harbour Energy plc

(the "Company" or "Harbour")

 

Grant of Awards under the Company's 2025 Long Term Incentive Plan ("2025 LTIP")

Grant of Performance Share Awards

On 7 April 2026, Performance Share Awards (the "PSA Awards") were granted to Linda Z. Cook and Alexander Krane (the "Executive Directors"). The PSA Awards have been granted in the form of contingent share awards over ordinary shares in the Company and will only vest if certain performance criteria are met over a three-year performance period from 1 January 2026 to 31 December 2028 (the "Performance Period"). 

 

The performance criteria are based on three weighted measures:

(i)            the Company's Total Shareholder Return ("TSR") compared to the FTSE 100 (excluding investment trusts): 40%;

(ii)           Relative TSR compared to a bespoke group of comparators: 40%; and

(iii)          Free Cash Flow Metric: 20%.

 

Full details of the bespoke TSR comparator group are set out in the Directors' Remuneration Report included in the 2025 Annual Report and Accounts, available at harbourenergy.com.  

 

Subject to the achievement of the performance criteria and the Remuneration Committee's assessment of overall Company performance, the PSA Awards will normally vest on 7 April 2029, in line with grants made to other eligible employees. The Executive Directors will then be required to hold the net shares for a further two years. The PSA Awards are also subject to malus and clawback provisions.

 

The PSA Awards were calculated using the average of Harbour's closing share price for the five dealing days preceding the award date.

 

Director
Percentage of salary awarded
Shares awarded
Award price
Date of award
Linda Z. Cook
300%
1,030,955
£2.9308
7 April 2026
Alexander Krane
240%
537,395
£2.9308
7 April 2026

 

Grant of Restricted Share Awards

On 7 April 2026, Restricted Share Awards (the "RSA Awards") were granted to the Executive Directors. The RSA Awards have been granted in the form of contingent share awards over ordinary shares in the Company.

 

The RSA Awards are subject to an underpin based on the Remuneration Committee's assessment of the underlying business performance over the vesting period. The RSA Awards will normally vest on 7 April 2029 in line with grants made to other eligible employees. The Executive Directors will then be required to hold the net shares for a further two years. The RSA Awards are also subject to malus and clawback provisions.

 

The RSA Awards were calculated using the average of Harbour's closing share price for the five dealing days preceding the award date.

 

 

Director
Percentage of salary awarded
Shares awarded
Award price
Date of award
Linda Z. Cook
100%
343,651
£2.9308
7 April 2026
Alexander Krane
80%
179,131
£2.9308
7 April 2026

 

 

Grant of Deferred Bonus Awards

In accordance with the Company's Remuneration Policy, on 7 April 2026, Deferred Bonus Awards were granted to the Executive Directors in respect of 25% of the 2025 Annual Bonus awarded to them. The Deferred Bonus Awards have been granted in the form of contingent share awards over ordinary shares in the Company and will normally vest three years from the date of grant.

 

Director
Shares awarded
Award price
Date of award
Linda Z. Cook
129,950
£2.9308
7 April 2026
Alexander Krane
66,641
£2.9308
7 April 2026

 

 

Enquiries

 

Harbour Energy plc                                                                                                          Tel: 020 7730 1111

Rachel Benjamin, Company Secretary

Elizabeth Brooks, SVP Investor Relations

Andrew Norman, SVP Communications

 

The information set out below is provided in accordance with the requirements of Article 19 of Market Abuse Regulation (MAR).

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Linda Z. Cook
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Harbour Energy plc
b)
LEI
213800YPC42DYBKVPF97
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
Identification code
Ordinary shares of 0.002 pence each

 GB00BMBVGQ36
b)
Nature of the transaction
i) Grant of Performance Share Award under the Harbour Energy 2025 Long Term Incentive Plan
ii) Grant of Restricted Share Award under the Harbour Energy 2025 Long Term Incentive Plan
iii) Grant of Deferred Bonus Share Award under the Harbour Energy 2025 Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
i) £2.9308
ii) £2.9308
iii) £2.9308
1,030,955
 343,651 129,950
d)
Aggregated information
-
Aggregated volume
-
Price
1,504,556
£2.9308
e)
Date of the transaction
2026-04-07
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Alexander Krane
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
Harbour Energy plc
b)
LEI
213800YPC42DYBKVPF97
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
Identification code
Ordinary shares of 0.002 pence each

 GB00BMBVGQ36
b)
Nature of the transaction
i) Grant of Performance Share Award under the Harbour Energy 2025 Long Term Incentive Plan
ii) Grant of Restricted Share Award under the Harbour Energy 2025 Long Term Incentive Plan
iii) Grant of Deferred Bonus Share Award under the Harbour Energy 2025 Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
i) £2.9308
ii) £2.9308
iii) £2.9308
537,395
179,131
66,641
d)
Aggregated information
-
Aggregated volume
-
Price
783,167
£2.9308
e)
Date of the transaction
2026-04-07
f)
Place of the transaction
Outside a trading venue

 

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