Genel Energy PLC: Director/PDMR Shareholdings
Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholdings
05-Apr-2022 / 16:56 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
5 April 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 awards over its ordinary shares of 10 pence each under the 2021 Performance Share Plan ('PSP') and Deferred Bonus Plan ('DBP') on 4 April 2022 to the PDMRs set out below.
PSP awards
PSP awards granted to PDMRs in the UK were made in the form of nil-cost options. PSP awards granted to PDMRs in Turkey were made in the form of a nil-cost conditional share awards.
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
Bill Higgs
476,274
2,448,374
Luke Clements
100,729
469,060
Michael Adams
207,819
843,994
Sefa Sadik Aytekin
123,080
123,080
Paul Weir
179,726
693,746
DBP award
In addition, Bill Higgs elected to defer a proportion of his annual 2021 cash bonus into Company shares under the DBP. The DBP award was made in the form of nil-cost options that become exercisable after two years. Options are then exercisable until the tenth anniversary of the grant date.
Name
No. of shares subject to Deferred Bonus Share Award
Total number of shares over which options/awards are held following notification
Bill Higgs
58,748
2,448,374
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bill Higgs
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
Grant of nil-cost options under the Company's Performance Share Plan Grant of nil-cost options under the Company's Deferred Bonus Plan
c)
Price(s) and volumes(s)
Nil cost476,274
Nil cost58,748
d)
Aggregated information
-Aggregated volume
-Price
535,022
Nil
e)
Date of the transaction
4 April 2022
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Luke Clements
2
Reason for Notification
a)
Position/status
Interim 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
100,729
d)
Aggregated information
-Aggregated volume
-Price
100,729
Nil
e)
Date of the transaction
4 April 2022
f)
Place of the transaction
Outside a trading venue
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
Grant of nil-cost options under the Company's Performance Share Plan
c)
Price(s) and volumes(s)
Nil cost
207,819 shares
d)
Aggregated information
-Aggregated volume
-Price
207,819
Nil
e)
Date of the transaction
4 April 2022
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sefa Sadik Aytekin
2
Reason for Notification
a)
Position/status
Head of Government & Public Affairs
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 conditional share award under the Company's performance share plan
c)
Price(s) and volumes(s)
Nil cost
123,080 shares
d)
Aggregated information
-Aggregated volume
-Price
123,080
Nil
e)
Date of the transaction
4 April 2022
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Paul Weir
2
Reason for Notification
a)
Position/status
Chief Operating 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
Grant of nil-cost options under the Company's Performance Share Plan
c)
Price(s) and volumes(s)
Nil cost
179,726 shares
d)
Aggregated information
-Aggregated volume
-Price
179,726
Nil
e)
Date of the transaction
4 April 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 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 153845 EQS News ID: 1321083
End of Announcement EQS News Service