17th Jun 2010 16:20
FOR IMMEDIATE RELEASE 17 June 2010
CAIRN ENERGY PLC ("Cairn" or "the Company")
Interests of Executive Directors in the Company's Shares
Cairn announces that, on 16 June 2010, Sir Bill Gammell, Chief Executive, and Malcolm Thoms, Chief Operating Officer, sold a total of 1,735,899 shares at a price of £4.2498 per share. Sir Bill Gammell also gifted 251,036 shares to a charitable trust on 16 June 2010.
On 17 June 2010, the above two directors' spouses purchased a total of 1,541,299 shares and Dr Mike Watts, Deputy Chief Executive, purchased 23,409 shares. All of these purchases were made at a price of £4.2825 per share.
Details of the above transactions are as follows:-
|
Director |
Number of Ordinary Shares Sold on 16 June |
Number of Ordinary Shares Purchased on 17 June |
|
Sir Bill Gammell
|
1,469,600 |
1,275,000 |
|
Dr Mike Watts
|
NIL |
23,409
|
|
Malcolm Thoms
|
266,299 |
266,299 |
Following this announcement, the beneficial interests of these executive directors in the Ordinary Shares of the Company are as follows:-
|
Director |
Previous Ordinary Shares |
Current Ordinary Shares |
% Issued Share Capital |
Outstanding Awards under the 2006 LTIP
|
Outstanding Awards under Replacement LTIP |
Outstanding Awards under 2009 LTIP |
|
|
|
|
|
|
Cairn India Units |
Ordinary Shares (subject to holding period) * |
Ordinary Shares |
Ordinary Shares |
|
Sir Bill Gammell |
3,211,526 |
2,765,890 |
0.198 |
223,600 |
226,454 |
546,291 |
1,095,800
|
|
Dr Mike Watts
|
2,419,971 |
2,443,380 |
0.175 |
81,520 |
82,561 |
597,507 |
852,000 |
|
Malcolm Thoms
|
501,141 |
501,141 |
0.036 |
139,750 |
212,300 |
341,432 |
589,700 |
* Under the 2006 LTIP, any Ordinary Shares not released immediately on vesting are not beneficially owned by the participant until the expiry of the one year holding period. As a result, these Ordinary Shares have not been included in the previous or current Ordinary Shares figures in the above table.
Related Shares:
Capricorn Energy PLC