Genel Energy PLC (GENL)
Genel Energy PLC: Director / PDMR Shareholding
30-Apr-2024 / 15:30 GMT/BST
30 April 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 awards over its ordinary shares of 10 pence each under the 2021 Performance Share Plan (‘PSP’) on 30 April 2024 to the PDMRs set out below. PSP awards PSP awards granted were made in the form of nil-cost options and are subject to a three year performance period. Name | No. of shares subject to PSP Award | Total number of shares over which options/awards are held following notification | Paul Weir | 879,455 | 1,836,923 | Luke Clements | 402,436 | 871,243 | Mike Adams | 411,167 | 1,085,667 |
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 | Grant of nil-cost options under the Company’s Performance Share Plan | c) | Price(s) and volumes(s) | Nil cost 879,455 | d) | Aggregated information
-Aggregated volume -Price | 879,455 Nil | e) | Date of the transaction | 30 April 2024 | 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 | 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 402,436 | d) | Aggregated information
-Aggregated volume -Price | 402,436 Nil | e) | Date of the transaction | 30 April 2024 | f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | a) | Name | Mike 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 411,167 shares | d) | Aggregated information
-Aggregated volume -Price | 411,167 Nil | e) | Date of the transaction | 30 April 2024 | 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). 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
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