3rd Oct 2005 12:43
Cairn Energy PLC03 October 2005 FOR IMMEDIATE RELEASE 3 October 2005 CAIRN ENERGY PLC ("Cairn" or "the Company") Directors' Interests in Shares Awards under the Company's Long Term Incentive Plan ("LTIP") Cairn announces that on 30 September 2005, a total of 50,000 Ordinary shares of10 pence each in the Company vested in favour of Phil Tracy, Engineering &Operations Director. Under the LTIP Rules, 50% of the shares are to be releasedwithin 30 days of vesting by the Company's Employees' Share Trust ("the Trust")to Mr Tracy. The balance of the shares is withheld by the Trust and released toMr Tracy after one year. Cairn also announces that it has today been notified by the Trustee of the Trustthat a total of 25,000 Ordinary shares were released by the Trust on 3 October2005 to Mr Tracy under the LTIP. Following the release of shares from the Trust, Mr Tracy sold a total of 30,000shares on 3 October 2005 at a price of £19.49 per share. Details of the sharesale and the resulting effect on Mr Tracy's shareholding in the Company are setout below:- Director Shareholding Shareholding Shares New Percentage of before vesting after vesting Sold Shareholding Issued Share on 30/08/05 on 30/09/05 Capital Phil 5,000 55,000 30,000 25,000 0.016Tracy This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Capricorn Energy PLC