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

Genel EnergyAnnouncement

09/09/2022 11:45

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

   09-Sep-2022 / 11:30 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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   9 September 2022

    

    

                        Genel Energy plc (‘the Company’)

                                        

                 2022 Awards - Notification of Transactions by

           Persons Discharging Managerial Responsibilities (‘PDMRs’)

                                        

   Pursuant to the notification obligations under UK Market Abuse Regulations
   Article 19.1 the Company granted an  award over its ordinary shares of  10
   pence each under the  2021 Performance Share Plan  (‘PSP’) on 8  September
   2022 to Luke Clements as set out below.

    

   The PSP award granted to  Luke Clements was made  in the form of  nil-cost
   options. Following vesting, shares  granted under the  PSP are subject  to
   the Company’s retention policy under which Executive Committee members are
   required to retain shares for an additional two years.

    

    

                 No. of shares subject   Total number of shares over which
       Name          to PSP Award        options/awards are held following
                                                    notification
   Luke Clements        52,448                        428,429

    

    

   1    Details of the person discharging managerial responsibilities /
        person closely associated
     a) Name                           Luke Clements 
   2    Reason for Notification
   a)   Position/status                CFO
   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
   b)   Nature of the transaction      Grant of nil-cost options under the
                                       Company’s Performance Share Plan
                                       Nil cost
   c)   Price(s) and volumes(s)
                                        
                                        
        Aggregated information
                                        
   d)   -Aggregated volume
                                       52,448
        -Price
                                       Nil
   e)   Date of the transaction        8 September 2022
   f)   Place of the transaction       Outside a trading venue

    

    

                                     -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.:  187111
   EQS News ID:   1439267


    
   End of Announcement EQS News Service

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