REG-Genel Energy PLC Genel Energy PLC: Bond call option exercised

Genel EnergyAnnouncement

16/10/2024 16:00

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   Genel Energy PLC (GENL)
   Genel Energy PLC: Bond call option exercised

   16-Oct-2024 / 15:48 GMT/BST

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   16 October 2024

                                        

                                Genel Energy plc

                                        

                           Bond call option exercised

    

   Genel Energy plc ('Genel' or 'the Company') has notified Nordic Trustee AS
   that the Company calls $75 million of the outstanding bond amount relating
   to ISIN NO 0010894330  with a maturity  date in October  2025 and a  fixed
   coupon of 9.25%  per annum, at  a price  equal to 101.85%  of the  nominal
   amount.

    

   The total amount outstanding before the call is $300 million, resulting in
   $225 million remaining  after the  call option is  exercised. The  Company
   will cancel the bonds that it holds, leaving $66 million outstanding.

    

   The call will have settlement date on  30 October 2024 and record date  on
   28 October 2024.

    

                                     -ends-

    

   For further information, please contact:

    

   Genel Energy
                                          +44 20 7659 5100
   Luke Clements, Chief Financial Officer
                                           
   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). 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  1 www.genelenergy.com

    

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   Attachment

   File:  2 Exercise of voluntary partial redemption (Call Option)

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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: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   353357
   EQS News ID:    2009919


    
   End of Announcement EQS News Service

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