NOTIFICATION OF TRANSACTIONS OF DIRECTORS
Updated : 10:00
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Harbour Energy plc
(the "Company")
Conditional Share Award
5 May 2021
A Conditional Share Award ("CSA") was made to Linda Cook on 4 May 2021 in connection with her joining the Board of Harbour Energy plc as Chief Executive Officer. The CSA was awarded to compensate the Chief Executive Officer for incentive arrangements forfeited on stepping down from her role as Managing Director of EIG Global Energy Partners ("EIG").
The CSA was made in accordance with the Company's Remuneration Policy for the recruitment of a new executive director and was made under the terms of the Company's 2017 Long Term Incentive Plan. The vesting of the CSA will be in one-third increments on the first, second and third anniversary of grant.
The CSA is structured to replicate the terms and value of the awards forfeited by the Chief Executive Officer on stepping down from EIG. The award price used to calculate the CSA was the Volume Weighted Average Price ("VWAP") during the month of April 2021, being £0.197p per share.
Director | Shares awarded | Award price | Date of award |
Linda Z Cook | 23,117,049 | £0.197p | 4 May 2021 |
Enquiries
Harbour Energy plc Tel: 020 7730 1111
Elizabeth Brooks, Head of Investor Relations
Rachel Rickard, Company Secretary
Brunswick Group
Patrick Handley Tel: 07974 982395
Will Medvei Tel: 07823 527148
The information set out below is provided in accordance with the requirements of Article 19(3) of MAR
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Linda Z Cook | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Harbour Energy plc | ||||
b) | LEI | 213800YPC42DYBKVPF97 | ||||
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 Identification code | Ordinary shares of 0.0001 pence each
| ||||
b) | Nature of the transaction | Grant of Conditional Share Award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
23,117,049 £0.00 | ||||
e) | Date of the transaction | 2021-05-04 | ||||
f) | Place of the transaction | Outside of trading venue | ||||
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