08:00 Tue 28 Apr 2020
Hurricane Energy PLC - Director Shareholdings
("Hurricane" or the "Company")
Director Shareholdings
As detailed in the Company's Annual Report and Accounts 2019, Hurricane's Remuneration Committee determined that the 2019 bonus award for Hurricane's executive directors would not be delivered fully in cash and would now instead be delivered as two thirds in cash and one third in shares (all net of tax and other deductions), with the shares to be held in the
On
The share components of the 2019 bonus to executive directors are as follows:
Executive director |
Role |
Ordinary Shares |
Dr |
Chief Executive Officer |
266,165 |
|
Chief Operations Officer |
224,576 |
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/person closely associated |
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a) |
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a) Dr b) |
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2. |
Reason for the notification |
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a) |
Position/status: |
a) Chief Executive Officer b) Chief Operations Officer |
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b) |
Initial notification/Amendment: |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI: |
2138007Z66OO4XWKM819 |
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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 |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of 0.1p each in ISIN: GB00B580MF54 |
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b) |
Nature of the transaction: |
Purchase of Ordinary Shares by the |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: · Price: · Volume: |
10.62p Volume: 490,741 |
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e) |
Date of the transaction: |
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f) |
Place of the transaction: |
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Contacts:
Dr
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+44 (0)1483 862 820 |
Nominated Adviser & Joint Corporate Broker
|
+44 (0)20 7710 7600 |
Joint Corporate Broker
|
+44 (0)20 7425 8000 |
Public Relations Patrick d'Ancona / |
+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
The
In
Glossary
FPSO |
Floating production storage and offloading vessel |
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Inside Information
This announcement does not contain inside information.
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