Genel Energy PLC: Director/PDMR Shareholding

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   Total number of shares 
                     to RSP Award             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 /        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   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                          [phone] 
 
Andrew Benbow, Head of Communications 
 
                  Vigo Communications [phone] 
 
Patrick d'Ancona 
 
             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 
 
 

(END) Dow Jones Newswires

August 28, 2019 08:05 ET (12:05 GMT)