Business
PDMR Update
PDMR Update.
About this update from Orcadian Energy Plc
[{"type":"text","content":"\n\n\n \nOrcadian Energy plc\n(\"Orcadian Energy\", \"Orcadian\" or the \"Company\")\n \nPDMR Update\n \nThe Company was notified today, that on 18 September 2023 Alan Hume, a director of the Company:\n \n· transferred 320,000 Ordinary Shares in the Company into a third party nominee, as his ISA provider, W B Nominees Limited, at a price of 6p per Ordinary Share. He remains the ultimate benefical holder of these shares; and\n· transferred 164,000 Ordinary shares to each of his children for nil consideration, as a gift (a total of 492,000 Ordinary Shares).\n \nAccordingly, the total number of ordinary shares that Alan Hume is interested in is 3,544,960 Ordinary Shares representing 4.9% per cent of the issued share capital of the Company.\n \nThe notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.\n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities\n\n\n\n\na)\n\n\nName\n\n\nAlan Hume\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nFD\n\n\n\n\nb)\n\n\nInitial notification/amendment\n\n\nInitial notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nOrcadian Energy plc\n\n\n\n\nb)\n\n\nLEI\n\n\n213800S2M4Z7VSJVN964\n\n\n\n\n4\n\n\nDetails 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\n\n\n\n\na)\n\n\nDescription of the financial instrument, type of instrument\nIdentification code\n\n\nOrdinary shares of 0.5 pence each\n \nGB00BN0TY502\n\n\n\n\nb)\n\n\nNature of the transaction\n\n\nTransfer between connected accounts\n\n\n\n\nc)\n\n\nPrice(s) and volume(s)\n\n\n\n\n\n\nPrice(s)\n\n\nVolume(s)\n\n\n\n\n6p\n\n\n320,000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nd)\n\n\nAggregated information\n- Aggregated volume\n - Price\n\n\n \n320,000\n6p\n\n\n\n\ne)\n\n\nDate of the transaction\n\n\n18 September 2023\n\n\n\n\nf)\n\n\nPlace of the transaction\n\n\nLondon Stock Exchange (XLON)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n\n\n\n\n1\n\n\nDetails of the PCA\n\n\n\n\na)\n\n\nName\n\n\n...