Genel Energy PLC: Director/PDMR Shareholding
Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholding
17-Apr-2023 / 15:03 GMT/BST
17 April 2023
Genel Energy plc (the Company)
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
On 14 April 2023 and 17 April 2023, Michael Adams and Paul Weir respectively exercised options granted to them under the Company’s share schemes. Following the option exercises sufficient shares were sold to cover tax liabilities and remaining shares have been retained.
The notification below made in accordance with the requirements of the UK Market Abuse Regulation provides further detail.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Paul Weir
2
Reason for Notification
a)
Position/status
CEO
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
Exercise of nil cost options granted on 22 June 2020 under the restricted share plan Sale of sufficient shares to cover income tax and national insurance liabilities arising as a result of the option exercisec)
Price(s) and volumes(s)
Price
Volume
Nil49,275
£31,854.3624,470
d)
Aggregated information
(i) Aggregated volume
Price
(ii) Aggregated volume
Price
49,275
Nil
24,470
£31,854.36
e)
Date of the transaction
17 April 2023
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Michael Adams
2
Reason for Notification
a)
Position/status
Technical Director
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
Exercise of nil cost options granted on 4 April 2022 under the performance share plan Sale of sufficient shares to cover income tax and national insurance liabilities arising as a result of the option exercisec)
Price(s) and volumes(s)
Price
Volume
Nil7,659
£4,831.513,810
d)
Aggregated information
(i) Aggregated volume
Price
(ii) Aggregated volume
Price
7,659
Nil
3,810
£4,831.51
e)
Date of the transaction
14 April 2023
f)
Place of the transaction
London Stock Exchange
-ends-
For further information please contact:
Andrew Benbow, Head of Communications
+44 20 7659 5100
Vigo Consulting
Patrick d’Ancona
+44 20 7830 9700
Notes to editors:
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 Kurdistan Region of Iraq, and a committed dividend programme that is material and sustainable. Genel continues to seek opportunities to add new resilient and cash-generative assets to its portfolio, with the goal of progressing its dividend in the long-term. For further information, please refer to www.genelenergy.com
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
ISIN: JE00B55Q3P39, NO0010894330 Category Code: DSH TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 OAM Categories: 2.3. Major shareholding notifications Sequence No.: 237432 EQS News ID: 1609423
End of Announcement EQS News Service