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Genel Energy PLC (GENL)
Genel Energy PLC: 2019 Awards - Notification of Transactions by PDMRs
07-May-2019 / 14:57 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.
7 May 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 Performance Share Plan ('PSP') and Restricted Share
Plan ('RSP') on 7 May 2019 to the PDMR set out below.
PSP awards granted to PDMRs in the UK were made in the form of nil-cost
options, which become exercisable following the end of a three year
performance period, subject to the satisfaction of performance targets.
Options are then exercisable until the tenth anniversary of the date of
grant.
PSP awards granted to PDMRs in Turkey were made in the form of a nil-cost
conditional share award, and will be transferred following the end of a
three year performance period, subject to the satisfaction of performance
targets.
The PSP performance period will run from 7 May 2019 to 6 May 2022.
RSP awards granted to PDMRs in the UK 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.
RSP awards granted to PDMRs in Turkey were made in the form of a nil-cost
conditional share award and the shares comprised in it will be transferred
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, all shares are retained for an additional two years for
Executive Committee members under the Company's Retention Policy.
Following vesting, shares are subject to the Company's retention policy.
The PSP awards are as follows:
Name No. of shares subject Total number of shares
to PSP Award over which
options/awards are held
following notification
Bill Higgs 356,342 1,016,146
Esa Ikaheimonen 283,930 1,555,200
Pars Kutay 207,413 1,666,647
RSP awards:
Name No. of shares subject to Total number of shares over
RSP Award which options/awards are
held following notification
Bill Higgs 174,585 1,016,146
Pars Kutay 159,548 1,666,647
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Bill Higgs
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
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 Ordinary shares of 10 pence
instrument, type of each
instrument
Identification code
JE00B55Q3P39
b) Nature of the transaction Grant of a nil-cost options
under the Company's
performance share plan
c) Price(s) and volumes(s) Price Volume
Nil 356,342
d) Aggregated information
-Aggregated volume
-Price
356,342
Nil
e) Date of the transaction 7 May 2019
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Bill Higgs
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
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 Ordinary shares of 10 pence
instrument, type of each
instrument
Identification code
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 174,585
d) Aggregated information
-Aggregated volume
-Price
174,585
Nil
e) Date of the transaction 7 May 2019
f) Place of the transaction Outside a trading venue
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 / 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
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 Ordinary shares of 10 pence
instrument, type of each
instrument
Identification code
JE00B55Q3P39
b) Nature of the transaction Grant of nil-cost options
under the Company's
performance share plan
c) Price(s) and volumes(s) Price Volume
Nil 283,390
d) Aggregated information
-Aggregated volume
-Price
283,390
Nil
e) Date of the transaction 7 May 2019
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Pars Kutay
2 Reason for Notification
a) Position/status Head of Government & Public
Affairs
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
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 Ordinary shares of 10 pence
instrument, type of each
instrument
Identification code
JE00B55Q3P39
b) Nature of the transaction Grant of a nil-cost
contingent share award under
the Company's performance
share plan
c) Price(s) and volumes(s) Price Volume
Nil 207,413
d) Aggregated information
-Aggregated volume
-Price
207,413
Nil
e) Date of the transaction 7 May 2019
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Pars Kutay
2 Reason for Notification
a) Position/status Head of Government & Public
Affairs
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
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 Ordinary shares of 10 pence
instrument, type of each
instrument
Identification code
JE00B55Q3P39
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