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

Genel EnergyAnnouncement

12/04/2022 09:15

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   Genel Energy PLC (GENL)

   12-Apr-2022 / 09:00 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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   12 April 2022

    

    

                        Genel Energy plc ('the Company')

                                        

   NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
                          MANAGERIAL RESPONSIBILITIES
                                        

   On 11 April 2022 Paul Weir 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 option exercises.

    

   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                       Paul Weir
   2    Reason for Notification
   a)   Position/status            Chief Operating Officer
   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         Ordinary shares of 10 pence each
        financial instrument, type
        of instrument               
   a)
                                    

        Identification code        JE00B55Q3P39
                                   i. Exercise of nil cost options granted on
                                      22 June 2020 under the restricted share
                                      plan
   b)   Nature of the transaction  ii. Sale of sufficient shares to cover
                                       income tax and national insurance
                                       liabilities arising as a result of the
                                       option exercise
                                   Price           Volume
                                   (i) Nil         22,858
   c)   Price(s) and volumes(s)    (ii) £20,699.55 11,060

                                    
                                    

        Aggregated information      

   d)   -Aggregated volume         22,858

        -Price                     £20,699.55 (11,060 shares sold to cover
                                   income tax and national insurance
                                   liabilities)
   e)   Date of the transaction    11 April 2022
   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
   progressive 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: DSH
   TIDM:          GENL
   LEI Code:      549300IVCJDWC3LR8F94
   Sequence No.:  154957
   EQS News ID:   1325777


    
   End of Announcement EQS News Service

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