REG-Genel Energy PLC Genel Energy PLC: Director/PDMR Shareholding
06/04/2023 14:15
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Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholding
06-Apr-2023 / 14:00 GMT/BST
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6 April 2023
Genel Energy plc (the ‘Company’)
2023 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 awards over its ordinary shares of 10
pence each under the 2021 Performance Share Plan (‘PSP’) and Deferred
Bonus Plan (‘DBP’) on 6 April 2023 to the PDMRs set out below.
PSP awards
PSP awards granted were 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
Paul Weir 652,155 1,134,068
Mike Adams 279,556 726,082
Luke Clements 267,227 547,819
DBP award
In addition, Paul Weir deferred a proportion of his CEO 2022 cash bonus
into Company shares under the DBP. The DBP award was made in the form of
nil-cost options that become exercisable after two years. Options are then
exercisable until the tenth anniversary of the grant date.
No. of shares subject to Total number of shares over which
Name Deferred Bonus Share Award options/awards are held following
notification
Paul Weir 33,368 1,134,068
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Paul Weir
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. Grant of nil-cost options under the
Company’s Performance Share Plan
b) Nature of the transaction ii. Grant of nil-cost options under
the Company’s Deferred Bonus Plan
i. Nil cost
652,155
c) Price(s) and volumes(s)
ii. Nil cost
33,368
Aggregated information
d) -Aggregated volume
685,523
-Price
Nil
e) Date of the transaction 6 April 2023
f) Place of the transaction Outside a trading venue
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)
267,227 shares
Aggregated information
d) -Aggregated volume
267,227
-Price
Nil
e) Date of the transaction 6 April 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Michael Adams
2 Reason for Notification
a) Position/status Technical Director
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) 279,556 shares
Aggregated information
d) -Aggregated volume
279,556
-Price
Nil
e) Date of the transaction 6 April 2023
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 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). 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 Kurdistan Region of Iraq,
and a committed dividend programme that is material and sustainable. Genel
continues to seek opportunities to add new resilient and cash-generative
assets to its portfolio, with the goal of progressing its dividend in the
long-term. For further information, please refer to 1 www.genelenergy.com
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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: RDN
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 235610
EQS News ID: 1603385
End of Announcement EQS News Service
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