Genel Energy PLC: Director/PDMR Shareholding
Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholding
08-Aug-2022 / 14:30 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
8 August 2022
Genel Energy plc (the Company)
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
On 5 August 2022 Luke Clements exercised options granted to him under the Company’s Restricted Share Plan. Following the option exercise sufficient shares were sold to cover tax liabilities and remaining shares have been retained. The notification below also includes a sale and purchase of the same number of shares in order for the shares to be held in an ISA.
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
Luke Clements
2
Reason for Notification
a)
Position/status
Chief Financial Officer
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 7 May 2019 under the restricted share plan Sale of sufficient shares to cover income tax and national insurance liabilities arising as a result of the option exercise Sale of shares Purchase of shares with proceeds of sale of shares in order that they be held in his stocks and shares ISAc)
Price(s) and volumes(s)
Price
Volume
Nil43,625
£27,764.6121,102
£17,887.4013,595
£17,999.7113,595
d)
Aggregated information
(i) Aggregated volume
Price
(ii) Aggregated volume
Price
(iii) Aggregated volume
Price
(iv) Aggregated volume
Price
43,625
Nil
21,102
£27,764.62
13,595
£17,887.40
13,595
£17,999.71
e)
Date of the transaction
5 August 2022
f)
Place of the transaction
London Stock Exchange
-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.: 179937 EQS News ID: 1415495
End of Announcement EQS News Service