Genel Energy PLC: Director / PDMR Shareholding
Genel Energy PLC (GENL)
Genel Energy PLC: Director / PDMR Shareholding
10-Sep-2024 / 15:00 GMT/BST
10 September 2024
Genel Energy plc (the ‘Company’)
2024 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 10 September 2024 to Luke Clements as set out below.
The PSP award granted to Luke Clements was made in the form of nil-cost options and are subject to performance conditions and become exercisable in three tranches; 25% on the first anniversary of the award, 25% on the second anniversary of the award and 50% on the third anniversary of the award.
Name
No. of shares subject to PSP Award
Total number of shares over which options/awards are held following notification
Luke Clements
69,620
940,863
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
69,620
Nil
e)
Date of the transaction
10 September 2024
f)
Place of the transaction
Outside a trading venue
-ends-
For further information, please contact:
Luke Clements
+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). Genel has low-cost and low-carbon production from the Kurdistan Region of Iraq, and continues to seek opportunities to add new resilient and cash-generative assets to its portfolio. 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.: 345986 EQS News ID: 1985409
End of Announcement EQS News Service