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

Genel EnergyAnnouncement

08/08/2022 14:45

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

   08-Aug-2022 / 14:30 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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   8 August 2022

    

    

                         Genel Energy plc (the Company)

                                        

   NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
                          MANAGERIAL RESPONSIBILITIES
                                        

   On 5 August 2022 Luke Clements exercised options granted to him under  the
   Company’s Restricted Share Plan. Following the option exercise  sufficient
   shares were sold to cover tax  liabilities and remaining shares have  been
   retained. The notification below also includes a sale and purchase of  the
   same number of shares in order for the shares to be held in an ISA.

    

   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                       Luke Clements
   2    Reason for Notification
   a)   Position/status            Chief Financial 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
                                      7 May 2019 under the restricted share
                                      plan
                                   ii. Sale of sufficient shares to cover
                                       income tax and national insurance
   b)   Nature of the transaction      liabilities arising as a result of the
                                       option exercise
                                   iii. Sale of shares
                                   iv. Purchase of shares with proceeds of
                                       sale of shares in order that they be
                                       held in his stocks and shares ISA
                                   Price                Volume
                                   i. Nil               43,625
                                   ii. £27,764.61       21,102
   c)   Price(s) and volumes(s)    iii. £17,887.40      13,595
                                   iv. £17,999.71       13,595

                                    
                                    

        Aggregated information      

        (i) Aggregated volume      43,625

             Price                 Nil

                                    

        (ii) Aggregated volume     21,102

             Price                 £27,764.62
   d)
                                    

        (iii) Aggregated volume    13,595

             Price                 £17,887.40

                                    

        (iv) Aggregated volume     13,595

             Price                 £17,999.71

                                    
   e)   Date of the transaction    5 August 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.  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.:  179937
   EQS News ID:   1415495


    
   End of Announcement EQS News Service

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