REG-Genel Energy PLC Genel Energy PLC: Appointment of CFO

Genel EnergyAnnouncement

20/05/2022 07:15

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   Genel Energy PLC (GENL)
   Genel Energy PLC: Appointment of CFO

   20-May-2022 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   20 May 2022

     

                                Genel Energy plc

     

                               Appointment of CFO

    

   Genel Energy plc ('Genel'  or 'the Company') is  pleased to announce  that
   Luke Clements has been appointed Chief Financial Officer by the Board with
   immediate effect.

    

   Luke, who  was  previously  Interim  Chief  Financial  Officer,  has  been
   responsible for  a  broad range  of  financial, commercial,  and  treasury
   related activities at the  Company. Having joined the  Company in 2011  to
   advise on the  merger of Vallares  Plc and Genel  Enerji, he became  Group
   Financial Controller in  2015. Prior  to joining the  Company, Luke  spent
   seven years at KPMG, where he was head of department and advised  multiple
   FTSE100 and FTSE350 companies across a range of sectors.

    

   David McManus, Chair, said:

   “Luke is the ideal  person to continue  delivering the financial  platform
   that facilitates  our  strategy,  a  strategy  he  has  been  integral  in
   building, as we  seek to  utilise our  growing financial  strength to  add
   production and further bolster our progressive dividend. Genel’s  low-cost
   production generates significant cash flow, in turn supporting  investment
   in growth and material  shareholder returns, and we  look forward to  Luke
   playing a significant role as we continue to aim to create material  value
   for shareholders.”

    

                                     -ends-

    

   For further information, please contact:

    

   Genel Energy
                                         +44 20 7659 5100
   Andrew Benbow, Head of Communications
                                          
   Vigo Consulting
                                         +44 20 7830 9700
   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). 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.

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   ISIN:          JE00B55Q3P39, NO0010894330
   Category Code: MSCH
   TIDM:          GENL
   LEI Code:      549300IVCJDWC3LR8F94
   Sequence No.:  162965
   EQS News ID:   1357295


    
   End of Announcement EQS News Service

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