REG-Genel Energy PLC Genel Energy PLC: 2025 Awards - Notification of Transactions by Persons Discharging Managerial Responsibilities (‘PDMRs’)
02/04/2025 15:15
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Genel Energy PLC (GENL)
Genel Energy PLC: 2025 Awards - Notification of Transactions by Persons
Discharging Managerial Responsibilities (‘PDMRs’)
02-Apr-2025 / 15:00 GMT/BST
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2 April 2025
Genel Energy plc (the ‘Company’)
2025 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 2 April 2025
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.
No. of shares subject Total number of shares over which
Name to PSP Award options/awards are held following
notification
Paul Weir 1,117,109 3,098,701
Luke Clements 515,160 1,386,403
Mike Adams 522,270 1,474,953
DBP award
In addition, Paul Weir deferred a proportion of his CEO 2024 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.
No. of shares subject to Total number of shares over which
Name Deferred Bonus Share Award options/awards are held following
notification
Paul Weir 144,669 3,098,701
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 / Initial notification
Amendment
3 Details of the issuers, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Genel Energy plc
b) LEI 549300IVCJDWC3LR8F94
Details of the transaction(s): section to be replaced for (i) each
4 type of instrument; (ii) each type of transaction; (iii) each date
(iv) each place where transaction have been conducted
Description of the financial Ordinary shares of 10 pence each
instrument, type of instrument
a)
Identification code
JE00B55Q3P39
Grant of nil-cost options under the
b) Nature of the transaction Company’s Performance Share Plan
Nil cost
c) Price(s) and volumes(s)
1,117,109
Aggregated information
d) -Aggregated volume
1,117,109
-Price
Nil
e) Date of the transaction 2 April 2025
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 CEO
b) Initial notification / Initial notification
Amendment
3 Details of the issuers, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Genel Energy plc
b) LEI 549300IVCJDWC3LR8F94
Details of the transaction(s): section to be replaced for (i) each
4 type of instrument; (ii) each type of transaction; (iii) each date
(iv) each place where transaction have been conducted
Description of the financial Ordinary shares of 10 pence each
instrument, type of instrument
a)
Identification code
JE00B55Q3P39
Grant of nil-cost options under the
b) Nature of the transaction Company’s Deferred Bonus Plan
Nil cost
c) Price(s) and volumes(s)
144,669 shares
Aggregated information
d) -Aggregated volume
144,669
-Price
Nil
e) Date of the transaction 2 April 2025
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 / Initial notification
Amendment
3 Details of the issuers, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Genel Energy plc
b) LEI 549300IVCJDWC3LR8F94
Details of the transaction(s): section to be replaced for (i) each
4 type of instrument; (ii) each type of transaction; (iii) each date
(iv) each place where transaction have been conducted
Description of the financial Ordinary shares of 10 pence each
instrument, type of instrument
a)
Identification code
JE00B55Q3P39
b) Nature of the transaction Grant of nil-cost options under the
Company’s Performance Share Plan
Nil cost
c) Price(s) and volumes(s)
515,160 shares
Aggregated information
d) -Aggregated volume
515,160
-Price
Nil
e) Date of the transaction 2 April 2025
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 / Initial notification
Amendment
3 Details of the issuers, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Genel Energy plc
b) LEI 549300IVCJDWC3LR8F94
Details of the transaction(s): section to be replaced for (i) each
4 type of instrument; (ii) each type of transaction; (iii) each date
(iv) each place where transaction have been conducted
Description of the financial Ordinary shares of 10 pence each
instrument, type of instrument
a)
Identification code
JE00B55Q3P39
b) Nature of the transaction Grant of nil-cost options under the
Company’s Performance Share Plan
Nil cost
c) Price(s) and volumes(s) 522,270 shares
Aggregated information
d) -Aggregated volume
522,270
-Price
Nil
e) Date of the transaction 2 April 2025
f) Place of the transaction Outside a trading venue
-ends-
For further information please contact:
Genel Energy
+44 20 7659 5100
Luke Clements, CFO
Vigo Consulting
+44 20 7390 0230
Patrick d’Ancona
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). For further information, please refer to
www.genelenergy.com
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: JE00B55Q3P39, NO0010894330
Category Code: MSCH
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
OAM Categories: 2.3. Major shareholding notifications
Sequence No.: 380984
EQS News ID: 2110798
End of Announcement EQS News Service
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