Genel Energy PLC: Director/PDMR Shareholding
Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholding
09-Sep-2022 / 11:30 GMT/BST
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9 September 2022
Genel Energy plc (‘the Company’)
2022 Awards - Notification of Transactions by
Persons Discharging Managerial Responsibilities (‘PDMRs’)
Pursuant to the notification obligations under UK Market Abuse Regulations Article 19.1 the Company granted an award over its ordinary shares of 10 pence each under the 2021 Performance Share Plan (‘PSP’) on 8 September 2022 to Luke Clements as set out below.
The PSP award granted to Luke Clements was made in the form of nil-cost options. Following vesting, shares granted under the PSP are subject to the Company’s retention policy under which Executive Committee members are required to retain shares for an additional two years.
Name
No. of shares subject to PSP Award
Total number of shares over which options/awards are held following notification
Luke Clements
52,448
428,429
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Luke Clements
2
Reason for Notification
a)
Position/status
CFO
b)
Initial notification / Amendment
Initial notification
3
Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Genel Energy plc
b)
LEI
549300IVCJDWC3LR8F94
4
Details of the transaction(s): section to be replaced for (i) each type of instrument; (ii) each type of transaction; (iii) each date (iv) each place where transaction have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence each
JE00B55Q3P39
b)
Nature of the transaction
Grant of nil-cost options under the Company’s Performance Share Plan
c)
Price(s) and volumes(s)
Nil cost
d)
Aggregated information
-Aggregated volume
-Price
52,448
Nil
e)
Date of the transaction
8 September 2022
f)
Place of the transaction
Outside a trading venue
-ends-
For further information please contact:
Genel Energy
Andrew Benbow, Head of Communications
+44 20 7659 5100
Vigo Consulting
Patrick d’Ancona
+44 20 7830 9700
Notes to editors:
Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and progressive dividend. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com
ISIN: JE00B55Q3P39, NO0010894330 Category Code: DSH TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 Sequence No.: 187111 EQS News ID: 1439267
End of Announcement EQS News Service