DJ Genel Energy PLC: Director/PDMR Shareholding
Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholding
07-Apr-2021 / 16:23 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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7 April 2021
Genel Energy plc (the Company)
2021 Awards - Notification of Transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
Pursuant to the notification obligations under UK Market Abuse Regulations Article 19.1 the Company granted awards over
its ordinary shares of 10 pence each under the Performance Share Plan ('PSP') on 6 April 2021 to the PDMRs 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 6 April 2021 to 5 April 2024.
Following vesting, shares granted under the PSP are subject to the Company's retention policy under which Executive
Committee members are required to retain shares for an additional two years.
The PSP awards are as follows:
Name No. of shares subject to PSP Total number of shares over which options/awards are held following
Award notification
Bill Higgs 466,201 2,395,319
Esa 388,069 2,867,703
Ikaheimonen
Michael Adams 175,925 870,623
Pars Kutay 284,064 1,305,397
Paul Weir 172,475 486,577
In addition, the Executive Directors elected to defer a proportion of their annual 2020 cash bonus into Company shares. Deferred bonus share awards were made in the form of nil-cost options that become exercisable after two years. Options are then exercisable until the tenth anniversary of the grant date.
Deferred Bonus Share awards:
Name No. of shares subject to Deferred Bonus Total number of shares over which options/awards are held
Share Award following notification
Bill Higgs 60,006 2,395,319
Esa 49,949 2,867,703
Ikaheimonen
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 / 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
Description of the financial instrument, type Ordinary shares of 10 pence each
of instrument
a)
Identification code
JE00B55Q3P39
i. Grant of nil-cost options under the Company's
Performance Share Plan
b) Nature of the transaction ii. Grant of nil-cost options as Deferred Bonus Share
awards
i. Nil cost
ii. 466,201
c) Price(s) and volumes(s) iii. Nil cost
60,006
Aggregated information
d) -Aggregated volume
526,207
-Price
Nil
e) Date of the transaction 6 April 2021
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 / 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
Description of the financial instrument, type Ordinary shares of 10 pence each
of instrument
a)
Identification code
JE00B55Q3P39
i. Grant of nil-cost options under the Company's
b) Nature of the transaction Performance Share Plan
ii. Grant of nil-cost options as Deferred Bonus Share
awards
i. Nil cost
388,069
c) Price(s) and volumes(s)
iii. Nil cost
49,949
Aggregated information
d) -Aggregated volume
438,018
-Price
Nil
e) Date of the transaction 6 April 2021
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Michael Adams
2 Reason for Notification
a) Position/status Technical Director
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
Description of the financial instrument, type of Ordinary shares of 10 pence each
instrument
a)
Identification code
JE00B55Q3P39
Grant of nil-cost options under the Company's
b) Nature of the transaction Performance Share Plan
Nil cost
c) Price(s) and volumes(s)
175,925 shares
Aggregated information
d) -Aggregated volume
175,925
-Price
Nil
e) Date of the transaction 6 April 2021
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 / 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
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