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GENEL ENERGY (LON:GENL) Genel Energy PLC: Director/PDMR Shareholding

Directive transparence : information réglementée

28/08/2019 14:05

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

28-Aug-2019 / 13:05 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


28 August 2019

 

 

Genel Energy plc

('the Company')

 

2019 Awards - Notification of Transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

 

Pursuant to the notification obligations under EU Market Abuse Regulations Article 19.1 the Company granted awards over its ordinary shares of 10 pence each under the Restricted Share Plan ('RSP') on 27 August 2019 to the PDMR set out below.

 

The RSP awards were made in the form of nil-cost options and become exercisable in three tranches; 25% on the first anniversary of the award, 25% on the second anniversary of the award and 50% on the third anniversary of the award.

 

Following vesting, shares are retained for an additional two years for Executive Directors under the Company's Retention Policy.

 

RSP awards:

Name

No. of shares subject to RSP Award

Total number of shares over which options/awards are held following notification

Esa Ikaheimonen

124,792

1,679,992

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

  a)

Name

Esa Ikaheimonen

2

Reason for Notification

a)

Position/status

CFO

b)

Initial notification / Amendment

Initial notification

3

Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Genel Energy plc

b)

LEI

549300IVCJDWC3LR8F94

4

Details of the transaction(s): section to be replaced for (i) each type of instrument; (ii) each type of transaction; (iii) each date (iv) each place where transaction have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 10 pence each

 

 

JE00B55Q3P39

b)

Nature of the transaction

Grant of a nil-cost options under the Company's restricted share plan

c)

Price(s) and volumes(s)

Price

Volume

Nil

124,792

 

d)

Aggregated information

-Aggregated volume

-Price

 

 

124,792

Nil

e)

Date of the transaction

27 August 2019

f)

Place of the transaction

Outside a trading venue

 

 

-ends-

 

For further information please contact:

 

Genel Energy

Andrew Benbow, Head of Communications

+44 20 7659 5100

 

 

Vigo Communications

Patrick d'Ancona

+44 20 7830 9700

 

Notes to editors:

 

Genel Energy is an independent oil and gas exploration and production company listed on the main

market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, and is the largest holder of reserves and resources in the Kurdistan Region of Iraq. Genel has highly cash-generative oil production from the Taq Taq and Tawke licences, with material growth potential from other assets in the portfolio. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.

 

 



ISIN: JE00B55Q3P39
Category Code: DSH
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 18287
EQS News ID: 864695

 
End of Announcement EQS News Service

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