REG-Genel Energy PLC Genel Energy PLC: Management Change

Genel EnergyAnnouncement

11/01/2022 07:05

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   Genel Energy PLC (GENL)
   Genel Energy PLC: Management Change

   11-Jan-2022 / 07:00 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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   11 January 2022

    

                                Genel Energy plc

                                        

                               Management Change

                                        

   Genel  Energy  plc   ('Genel'  or  'the   Company')  announces  that   Esa
   Ikaheimonen, Chief  Financial  Officer,  has  advised  the  Board  of  his
   intention  to  leave  the  Company   on  16  March  2022,  following   the
   announcement of the Company's 2021 financial results the day before.

    

   A search for a suitable replacement is ongoing and an announcement will be
   made in due course.

    

   Bill Higgs, Chief Executive of Genel, said:

   "Our financial results will be a testament to Esa's time at Genel, as they
   will show a Company in a  strong financial position, with a resilient  and
   proven business model and the flexibility to utilise the balance sheet  to
   grow the Company. On behalf of everyone at Genel I would like to wish  Esa
   all the best in his future endeavours."

    

   Esa Ikaheimonen, Chief Financial Officer of Genel, said:

   "Genel has  strong  leadership  and  finance  teams,  a  robust  financial
   position, and a  lot to  look forward  to, and  I wish  the Company  every
   success for the future."

    

                                     -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 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
   sustainable 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: MSCM
   TIDM:          GENL
   LEI Code:      549300IVCJDWC3LR8F94
   Sequence No.:  135659
   EQS News ID:   1266993


    
   End of Announcement EQS News Service

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