The following amendment has been made to the
'Director / PDMR Shareholding' announcement released on 3 April
2024 at 09:15 under RNS No 1379J.
The date of the awards referred to has been
changed from 3 April 2024 to 2 April 2024.
All other details remain unchanged.
The full amended text is shown below.
FOR IMMEDIATE
RELEASE
3 April 2024
CAPRICORN ENERGY PLC ("Capricorn" or the
"Company")
Interests of Directors / Persons
Discharging Managerial Responsibility ("PDMRs")
in the Company's
Shares
1.
Grant of 2024 Awards
under the Company's Long Term Incentive Plan
(2017)
Capricorn announces that, on 2 April
2024, the following awards (in the form of "nil-cost" options)
("Awards") over its
ordinary shares of 735/143 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 PDMRs of the Company:
Executive Director /
PDMR
|
Number of Shares
|
Randy Neely, Chief Executive
|
571,428
|
Geoff Probert, Chief Operating
Officer
|
428,571
|
Nathan Piper, Commercial Director
|
171,428
|
All Shares were awarded at £1.75 per Share, being the
mid-market closing price of a Share on the dealing day 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. The Award granted to Geoff Probert will be subject to a
one year "holding period".
2. Grant of
2024 Awards under the Company's Deferred Bonus
Scheme
In terms of Capricorn's directors' remuneration
policy that was approved at the 2023 AGM, 25% of an Executive
Director's annual bonus must delivered in the form of an award of
Shares under the Company's Deferred Bonus Plan ("DBP") that will vest at the end of a
further period of three years. The vesting of any such Award is not
subject to the satisfaction of any additional performance
conditions.
Accordingly, Capricorn announces that, on 2
April 2024, the following Award was made under the DBP to the
undernoted Executive Director of the Company:
Executive Director /
PDMR
|
Number of Shares
|
Randy Neely, Chief Executive
|
37,164
|
All Shares were awarded at £1.75 per Share, being the
closing price of a Share on the dealing day immediately preceding
the grant date.
3.
Summary of current holdings of Executive Directors /
PDMRs
Following the grant of the above
Awards, the Executive Director's and PDMRs' beneficial interests in
the Shares of the Company are as follows:
Executive Director / PDMR
|
Current Shares
|
% Issued Share Capital
|
Outstanding entitlements under 2017 LTIP and
DBP
|
Awards still subject to performance
conditions
|
Awards not subject to performance
conditions*
|
Randy Neely
|
2,107
|
0.002
|
1,109,930
|
37,164
|
Geoff Probert
|
0
|
0
|
428,571
|
0
|
Nathan Piper
|
3,676
|
0.004
|
279,128
|
0
|
* This column includes (i) all
outstanding awards under the 2017 LTIP that have vested following
the expiry of the applicable performance period; and (ii) all
outstanding awards under the DBP, the vesting of which is not
subject to performance condition satisfaction.
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/
Amendment
|
Initial Notification
|
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 the financial
instrument, type of instrument
|
Ordinary shares of
735/143 pence each
("Shares")
|
Identification code
|
GB00BRJ7R218
|
b)
|
Nature of the transaction
|
Award (in the form of a nil-cost
option) of a right to acquire Shares in the Company pursuant to the
2017 LTIP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0
|
571,428
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable
|
e)
|
Date of the transaction
|
2 April 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|
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
735/143 pence each
("Shares")
|
Identification code
|
GB00BRJ7R218
|
b)
|
Nature of the transaction
|
Award (in the form of a nil-cost
option) of a right to acquire Shares in the Company pursuant to the
DBP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0
|
37,164
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable
|
e)
|
Date of the transaction
|
2 April 2024
|
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/
Amendment
|
Initial Notification
|
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 the financial
instrument, type of instrument
|
Ordinary shares of
735/143 pence each
("Shares")
|
Identification code
|
GB00BRJ7R218
|
b)
|
Nature of the transaction
|
Award (in the form of a nil-cost
option) of a right to acquire Shares in the Company pursuant to the
2017 LTIP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0
|
171,428
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable
|
e)
|
Date of the transaction
|
2 April 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
a)
|
Name
|
Geoff Probert
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Chief Operating Officer
|
b)
|
Initial notification/
Amendment
|
Initial Notification
|
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 the financial
instrument, type of instrument
|
Ordinary shares of
735/143 pence each
("Shares")
|
Identification code
|
GB00BRJ7R218
|
b)
|
Nature of the transaction
|
Award (in the form of a nil-cost
option) of a right to acquire Shares in the Company pursuant to the
2017 LTIP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0
|
428,571
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable
|
e)
|
Date of the transaction
|
2 April 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|