Hurricane Energy PLC Director/PDMR Shareholdings (3705L)
April 29 2020 - 10:20AM
UK Regulatory
TIDMHUR
RNS Number : 3705L
Hurricane Energy PLC
29 April 2020
29 April 2020
Hurricane Energy plc
("Hurricane" or the "Company")
Director/PDMR Shareholdings
Hurricane Energy plc, the UK based oil and gas company focused
on hydrocarbon resources in naturally fractured basement
reservoirs, has been notified of transactions by Hurricane
directors and Persons Discharging Managerial Responsibility
("PDMRs") in ordinary shares of GBP0.001 each in the Company
("Ordinary Shares").
A summary of the transactions follows:
Name Position Ordinary Average Price
Shares Purchased Paid per Ordinary
Share
Steven McTiernan Chairman 100,000 10.8300p
---------------------------- ------------------ -------------------
Dr David Jenkins Non-Executive Director 50,000 10.4000p
---------------------------- ------------------ -------------------
John van der
Welle Non-Executive Director 50,000 10.2839p
---------------------------- ------------------ -------------------
Sandra Shaw Non-Executive Director 44,297 11.2869p
---------------------------- ------------------ -------------------
Daniel Jankes General Counsel 44,297 11.2869p
---------------------------- ------------------ -------------------
Acting Chief Financial
Richard Chaffe Officer 44,297 11.2869p
---------------------------- ------------------ -------------------
Melissa Clare General Manager (Aberdeen) 44,297 11.2869p
---------------------------- ------------------ -------------------
Subsurface Technical
Moira Slightam Director 44,297 11.2869p
---------------------------- ------------------ -------------------
The below information is intended to satisfy the Company's
obligations under Article 19(3) of EU Regulation No 596/2014 (the
Market Abuse Regulation).
1. Details of the person discharging managerial responsibilities
a) Name: a) Steven McTiernan
b) Dr David Jenkins
c) John van der Welle
d) Sandra Shaw
e) Daniel Jankes
f) Richard Chaffe
g) Melissa Clare
h) Moira Slightam
-------------------------------- ------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position/status: a) Chairman
b) Non-Executive Director
c) Non-Executive Director
d) Non-Executive Director
e) General Counsel
f) Acting Chief Financial Officer
g) General Manager (Aberdeen)
h) Subsurface Technical Director
-------------------------------- ------------------------------------------
b) Initial notification/Amendment: Initial Notification
-------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Hurricane Energy plc
-------------------------------- ------------------------------------------
b) LEI: 2138007Z66OO4XWKM819
-------------------------------- ------------------------------------------
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 Ordinary shares of 0.1p each in Hurricane
financial instrument, Energy plc ("Shares")
type of instrument: ISIN: GB00B580MF54
Identification code:
-------------------------------- ------------------------------------------
b) Nature of the transaction: Open market purchase of Shares.
-------------------------------- ------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
a) 10.8300p a) 100,000
b) 10.4000p b) 50,000
c) 10.2839p c) 50,000
d) 11.2869p d) 44,297
e) 11.2869p e) 44,297
f) 11.2869p f) 44,297
g) 11.2869p g) 44,297
h) 11.2869p h) 44,297
-----------
-------------------------------- ------------------------------------------
d) Aggregated information: See above 4 c)
-------------------------------- ------------------------------------------
e) Date of the transaction: (a)/(b)/(c): 28 April 2020
(d)/(e)/(f)/(g)/(h): 29 April 2020
-------------------------------- ------------------------------------------
f) Place of the transaction: London Stock Exchange (AIM)
-------------------------------- ------------------------------------------
Contacts:
Hurricane Energy plc +44 (0)1483 862
Dr Robert Trice, Chief Executive Officer 820
Stifel Nicolaus Europe Limited
Nominated Adviser & Joint Corporate Broker
Callum Stewart / Ashton Clanfield +44 (0)20 7710 7600
Morgan Stanley & Co. International plc
Joint Corporate Broker
Andrew Foster / Tom Perry / Alex Smart +44 (0)20 7425 8000
Vigo Communications
Public Relations
Patrick d'Ancona / Ben Simons
hurricane@vigocomms.com +44 (0)20 7390 0230
About Hurricane
Hurricane was established to discover, appraise and develop
hydrocarbon resources associated with naturally fractured basement
reservoirs. The Company's acreage is concentrated on the Rona
Ridge, in the West of Shetland region of the UK Continental
Shelf.
The Lancaster field (100% owned by Hurricane) is the UK's first
producing basement field. Hurricane is pursuing a phased
development of Lancaster, starting with an Early Production System
consisting of two wells tied-back to the Aoka Mizu FPSO.
Hydrocarbons were introduced to the FPSO system on 11 May 2019 and
the first oil milestone was achieved on 4 June 2019.
In September 2018, Spirit Energy farmed-in to 50% of the Lincoln
and Warwick assets, committing to a phased work programme targeting
sanction of an initial stage of full field development.
Glossary
FPSO Floating production storage and offloading
vessel
Spirit Energy Spirit Energy Limited
===========================================
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END
DSHMZGZDDLNGGZM
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