REG - Harbour Energy PLC - Director/PDMR Shareholding
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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 Ordinary shares of 0.002 pence each
Identification code 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 1,030,955
343,651 129,950
ii) £2.9308
iii) £2.9308
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
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 Ordinary shares of 0.002 pence each
Identification code 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 537,395
ii) £2.9308 179,131
iii) £2.9308 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
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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