Genel Energy PLC: Director/PDMR Shareholding

28 August 2019

 

 

Genel Energy plc

('the Company')

 

2019 Awards - Notification of Transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

 

Pursuant to the notification obligations under EU Market Abuse Regulations Article 19.1 the Company granted awards over its ordinary shares of 10 pence each under the Restricted Share Plan ('RSP') on 27 August 2019 to the PDMR set out below.

 

The RSP awards were made in the form of nil-cost options 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.

 

Following vesting, shares are retained for an additional two years for Executive Directors under the Company's Retention Policy.

 

RSP awards:

 

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Esa Ikaheimonen
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 a nil-cost options under the Company's restricted share plan
c)	Price(s) and volumes(s)	Price Volume Nil 124,792
d)	Aggregated information -Aggregated volume -Price	124,792 Nil
e)	Date of the transaction	27 August 2019
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 Communications Patrick d'Ancona	+44 20 7830 9700

 

Notes to editors:

 

Genel Energy is an independent oil and gas exploration and production company listed on the main

market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, and is the largest holder of reserves and resources in the Kurdistan Region of Iraq. Genel has highly cash-generative oil production from the Taq Taq and Tawke licences, with material growth potential from other assets in the portfolio. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.