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

Genel EnergyAnnouncement

17/04/2023 15:15

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

   17-Apr-2023 / 15:03 GMT/BST

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   17 April 2023

    

    

                         Genel Energy plc (the Company)

                                        

   NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
                          MANAGERIAL RESPONSIBILITIES
                                        

   On 14  April  2023  and  17  April  2023,  Michael  Adams  and  Paul  Weir
   respectively exercised options granted to  them under the Company’s  share
   schemes. Following the  option exercises  sufficient shares  were sold  to
   cover tax liabilities and remaining shares have been retained.

    

   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            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         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             49,275
   c)   Price(s) and volumes(s)    ii. £31,854.36     24,470

                                    
        Aggregated information      

        (i) Aggregated volume       

             Price                 49,275

   d)                              Nil

        (ii) Aggregated volume      

             Price                 24,470

                                   £31,854.36
   e)   Date of the transaction    17 April 2023
   f)   Place of the transaction   London Stock Exchange

    

                                        

   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         Ordinary shares of 10 pence each
        financial instrument, type
        of instrument               
   a)
                                    

        Identification code        JE00B55Q3P39
                                   iii. Exercise of nil cost options granted
                                        on 4 April 2022 under the performance
                                        share plan
   b)   Nature of the transaction  iv. Sale of sufficient shares to cover
                                       income tax and national insurance
                                       liabilities arising as a result of the
                                       option exercise
                                   Price             Volume
                                   iii. Nil          7,659
   c)   Price(s) and volumes(s)    iv. £4,831.51     3,810

                                    
        Aggregated information      

        (i) Aggregated volume       

             Price                 7,659

   d)                              Nil

        (ii) Aggregated volume      

             Price                 3,810

                                   £4,831.51
   e)   Date of the transaction    14 April 2023
   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:

    

   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:  DSH
   TIDM:           GENL
   LEI Code:       549300IVCJDWC3LR8F94
   OAM Categories: 2.3. Major shareholding notifications
   Sequence No.:   237432
   EQS News ID:    1609423


    
   End of Announcement EQS News Service

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