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REG - Energean PLC - Director/PDMR Shareholding

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RNS Number : 0613M  Energean PLC  11 September 2023

Energean plc

("Energean" or the "Company")

 

DIRECTOR / PDMR Shareholding

 

London, 11 September 2023 - Notification of Transactions of Persons
Discharging Managerial Responsibilities ("PDMR") in respect of the release of
shares which vested on 6 September 2021 under the Company's Long Term
Incentive Plan relating to the period 2018-2021 (the "LTIP") and that have
been subject to a 2-year holding period. The release of shares for the LTIP
includes dividend equivalent shares in respect of the interim dividends
announced by the Company on 8 September 2022, 17 November 2022, 9 February
2023 and 18 May 2023 and paid on 30 September 2022, 30 December 2022, 30 March
2023 and 30 June 2023 respectively (the "Interim Dividends"), and the sale of
sufficient shares to cover income tax and national insurance liabilities with
the balance being retained as laid out in the table below:

 Name           No of Shares Released  No of Shares Sold  Sale Date   Price of Shares Sold  No of Shares Retained
 Mathios Rigas  213,035                13,656             2023-09-07  £11.366               199,379
 Panos Benos    142,023                40,113             2023-09-07  £11.366               101,910

 

 1

     Details of the person discharging managerial responsibilities / person closely
     associated

 a)  Name                                                             Mathios Rigas
 2

     Reason for the notification

 a)                                                                   CEO

     Position/status

 b)                                                                   Initial notification

     Initial notification /Amendment

 3

     Details of the issuer

 a)                                                                   Energean plc

     Name

 b)                                                                   549300RVMKU0CYUZBB05

     LEI

 4

     Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)

     Description of the financial instrument, type of instrument      Ordinary shares of 1p each

     Identification Code

                                                                      GB00BG12Y042

 b)

     Nature of the transaction                                     (i)         Release of shares under the LTIP;

                                                                   (ii)         Release of dividend equivalent shares in respect of the

                                                             Interim Dividends; and

                                                                   (iii)        Sale of shares to cover income tax and national insurance
                                                                   liabilities.

 c)  Price(s) and volume(s)

   Price(s)

                                                                                      Volume(s)

                                                                   (i)         Nil                (i)         196,986

                                                                   (ii)         Nil               (ii)         16,049

                                                                   (iii)        £11.366           (iii)        13,656

 
 d)                                                                   Release

                                                             Sale
     Aggregated information

                                                                213,035
     - Aggregated volume                                           13,656

     - Price

                                                             Nil
                                                                   £11.366
 e)  Date of the transaction

                                                                      2023-09-07

 f)  Place of the transaction

                                                                   (i)         Outside a trading venue

                                                                   (ii)         Outside a trading venue

                                                                   (iii)        XLON

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

   Release
Sale

 

   213,035
13,656

 

 
Nil
£11.366

e)

Date of the transaction

 

   2023-09-07

 

f)

Place of the transaction

 

(i)         Outside a trading venue

 

(ii)         Outside a trading venue

 

(iii)        XLON

 

 

 

 

 

 1

     Details of the person discharging managerial responsibilities / person closely
     associated

 a)  Name                                                             Panos Benos
 2

     Reason for the notification

 a)                                                                   Chief Financial Officer

     Position/status

 b)                                                                   Initial notification

     Initial notification /Amendment

 3

     Details of the issuer

 a)                                                                   Energean plc

     Name

 b)                                                                   549300RVMKU0CYUZBB05

     LEI

 4

     Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)

     Description of the financial instrument, type of instrument      Ordinary shares of 1p each

     Identification Code

                                                                      GB00BG12Y042

 b)

     Nature of the transaction                                     (i)         Release of shares under the LTIP;

                                                                   (ii)         Release of dividend equivalent shares in respect of the

                                                             Interim Dividends; and

                                                                   (iii)        Sale of shares to cover income tax and national insurance
                                                                   liabilities.

 c)  Price(s) and volume(s)

   Price(s)

                                                                                      Volume(s)

                                                                   (i)         Nil                (i)         131,324

                                                                   (ii)         Nil               (ii)         10,699

                                                                   (iii)        £11.366           (iii)        40,113

 
 d)                                                                   Release

                                                             Sale
     Aggregated information

                                                                142,023
     - Aggregated volume                                           40,113

     - Price

                                                             Nil
                                                                   £11.366
 e)  Date of the transaction

                                                                      2023-09-07

 f)  Place of the transaction

                                                                   (i)         Outside a trading venue

                                                                   (ii)         Outside a trading venue

                                                                   (iii)        XLON

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

   Release
Sale

 

   142,023
40,113

 

 
Nil
£11.366

e)

Date of the transaction

 

   2023-09-07

 

 

f)

Place of the transaction

 

(i)         Outside a trading venue

 

(ii)         Outside a trading venue

 

(iii)        XLON

 

 

 

 

Enquiries

 

For capital markets:   ir@energean.com (mailto:ir@energean.com)

Kate Sloan, Head of IR and M&A  Tel: +44 7917 608 645

For media:   pblewer@energean.com (mailto:pblewer@energean.com)

Paddy Blewer, Head of Corporate Communications    Tel: +44 7765 250 857

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