REG-Genel Energy PLC Genel Energy PLC: NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

Genel EnergyAnnouncement

29/10/2021 11:05

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   Genel Energy PLC (GENL)
   Genel Energy PLC: NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY
   PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

   29-Oct-2021 / 11:00 GMT/BST
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   29 October 2021

    

    

                         Genel Energy plc (the Company)

                                        

   NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
                          MANAGERIAL RESPONSIBILITIES
                                        

   On 28 October 2021 Esa Ikaheimonen exercised options granted to him under
   the Company's restricted share plan and sold sufficient shares to cover
   tax liabilities arising as a result of his options exercise.

    

   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                           Esa Ikaheimonen
   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 financial   Ordinary shares of 10 pence each
        instrument, type of instrument
                                        
   a)    
                                        
        Identification code
                                       JE00B55Q3P39
                                       i. Exercise of nil cost options
                                          granted on 27 August 2019 under the
   b)   Nature of the transaction         restricted share plan
                                       ii. Sale of shares to cover income tax
                                           and national insurance liabilities
                                       Price           Volume
                                       (i) Nil         38,127
   c)   Price(s) and volumes(s)        (ii) £26,968.76 17,966

                                        
                                        

        Aggregated information          

   d)   -Aggregated volume             20,161

        -Price                         £26,968.76 (17,966 shares sold to
                                       cover income tax and national
                                       insurance liabilities)
   e)   Date of the transaction        28 October 2021
   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 Communications
                                         +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
   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: DSH
   TIDM:          GENL
   LEI Code:      549300IVCJDWC3LR8F94
   Sequence No.:  125574
   EQS News ID:   1244761


    
   End of Announcement EQS News Service

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