REG-Genel Energy PLC Genel Energy PLC: Director/PDMR Shareholding

Genel EnergyAnnouncement

09/11/2021 11:05

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   Genel Energy PLC (GENL)
   Genel Energy PLC: Director/PDMR Shareholding

   09-Nov-2021 / 11:00 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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   9 November 2021

    

    

                                Genel Energy plc

                                ('the Company')

                                        

   NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
                          MANAGERIAL RESPONSIBILITIES
                                        

   On 8 November 2021 Bill Higgs  exercised options granted to him under  the
   Company's  share  schemes  and  sold   sufficient  shares  to  cover   tax
   liabilities arising as a result of his options exercise.

    

   The notification below made in accordance with the requirements of the  UK
   Market Abuse Regulation provides further detail.

    

   1    Details of the person discharging managerial responsibilities /
        person closely associated
     a) Name                           Bill Higgs
   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
                                       i. Exercise of nil cost options
                                          granted on 22 December 2017 under
                                          the restricted share plan
                                       ii. Exercise of nil cost options
                                           granted on 7 May 2019 under the
                                           restricted share plan
   b)   Nature of the transaction      iii. Exercise of nil cost options
                                            granted on 22 December 2017 under
                                            the performance share plan
                                       iv. Exercise of nil cost options
                                           granted on 11 April 2018 under the
                                           performance share plan
                                       v. Sale of shares to cover income tax
                                          and national insurance liabilities
                                       Price           Volume
                                       (i) Nil         154,184
                                       (ii) Nil        99,979
   c)   Price(s) and volumes(s)        (iii) Nil       35,183
                                       (iv) Nil        220,142
                                       (v) £345,687.84 240,061

                                        
                                        

        Aggregated information          

   d)   -Aggregated volume             509,488

        -Price                         £345,687.84 (240,061 shares sold to
                                       cover income tax and national
                                       insurance liabilities)
   e)   Date of the transaction        8 November 2021
   f)   Place of the transaction       London Stock Exchange

    

                                        

                                     -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
   sustainable dividend, even  at a low  oil price. Genel  also continues  to
   pursue further growth opportunities. For further information, please refer
   to  1 www.genelenergy.com.

    

    

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   ISIN:          JE00B55Q3P39, NO0010894330
   Category Code: RDN
   TIDM:          GENL
   LEI Code:      549300IVCJDWC3LR8F94
   Sequence No.:  126321
   EQS News ID:   1247330


    
   End of Announcement EQS News Service

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