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 +44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Communications +44 20 7830 9700
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)
