Capricorn Energy PLC Director/PDMR Shareholding (6412H)
July 31 2023 - 5:00AM
UK Regulatory
TIDMCNE
RNS Number : 6412H
Capricorn Energy PLC
31 July 2023
FOR IMMEDIATE RELEASE 31 July 2023
CAPRICORN ENERGY PLC ("Capricorn" or the "Company")
Interests of Directors / Persons Discharging Managerial
Responsibility ("PDMRs")
in the Company's Shares
1. Grant of 2023 Awards under the Company's Long Term Incentive Plan (2017)
Capricorn announces that, on 28 July 2023, the following Awards
(in the form of "nil-cost" options) over its ordinary shares of
(490) /(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 PDMR of the Company:
Executive Director / PDMR Number of Shares
Randy Neely, Chief Executive 538,502
-----------------
Nathan Piper, Commercial Director 107,700
-----------------
All Shares were awarded at GBP1.857 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) 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. Summary of current holdings of Executive Directors / PDMRs
Following the grant of the above Awards, the Executive
Director's and PDMR's beneficial interests in the Shares of the
Company are as follows:
Executive Director / Current Shares % Issued Share Capital Outstanding entitlements under 2017 LTIP
PDMR
Unvested Awards still Vested but unexercised
subject to performance Awards*
conditions
----------------------- ------------------------
Randy Neely 0 0 538,502 0
--------------- ----------------------- ----------------------- ------------------------
Nathan Piper 0 0 107,700 0
--------------- ----------------------- ----------------------- ------------------------
* This column includes all outstanding awards that have vested
following the expiry of the applicable performance period,
regardless of whether or not they are currently capable of being
exercised under the rules of the 2017 LTIP.
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/ Initial Notification
Amendment
---- -------------------------- ---------------------------------------------------
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 Ordinary shares of 490/143 pence each ("Shares")
the financial
instrument, type
of instrument
----
Identification GB00BQ98V038
code
---- -------------------------- ---------------------------------------------------
b) Nature of the Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 538,502
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 28 July 2023
---- -------------------------- ---------------------------------------------------
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/ Initial Notification
Amendment
---- -------------------------- ---------------------------------------------------
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 Ordinary shares of 490/143 pence each ("Shares")
the financial
instrument, type
of instrument
----
Identification GB00BQ98V038
code
---- -------------------------- ---------------------------------------------------
b) Nature of the Award (in the form of a nil-cost option) of
transaction a right to acquire Shares in the Company pursuant
to the 2017 LTIP.
---- -------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 107,700
---------- ----------
---- -------------------------- ---------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- ---------------------------------------------------
e) Date of the transaction 28 July 2023
---- -------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------- ---------------------------------------------------
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END
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