DJ Genel Energy PLC: Director/PDMR Shareholding
Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholding
13-May-2021 / 14:00 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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13 May 2021
Genel Energy plc (the Company)
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
On 12 May 2021 each of Esa Ikaheimonen, Mike Adams, and Paul Weir exercised options granted to them under the Company's
share schemes and sold sufficient shares to cover tax liabilities arising as a result of their option exercises.
The notification below made in accordance with the requirements of the UK Market Abuse Regulation provides further
detail.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Esa Ikaheimonen
2 Reason for Notification
a) Position/status Chief Financial Officer
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, Ordinary shares of 10 pence each
type of instrument
a)
Identification code
JE00B55Q3P39
i. Exercise of nil cost options granted on 25 August 2017
under the restricted share plan
ii. Exercise of nil cost options granted on 27 August 2019
under the restricted share plan
iii. Exercise of nil cost options granted on 25 August 2017
b) Nature of the transaction under the performance share plan
iv. Exercise of nil cost options granted on 11 April 2018 under
the performance share plan
v. Sale of shares to cover income tax and national insurance
liabilities
vi. Sale of shares to cover income tax and national insurance
liabilities
Price Volume
(i) Nil 471,816
(ii) Nil 34,082
(iii) Nil 357,204
c) Price(s) and volumes(s)
(iv) Nil 275,401
(v) GBP1.740234 298,069
(vi) GBP1.73295 238,368
Aggregated information
d) -Aggregated volume
602,066
-Price
GBP931,789.39 (536,437 shares sold to cover income tax and
national insurance liabilities)
e) Date of the transaction 12 May 2021
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Mike 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, Ordinary shares of 10 pence each
type of instrument
a)
Identification code
JE00B55Q3P39
i. Exercise of nil cost options granted on 7 May 2019 under
the restricted share plan
ii. Exercise of nil cost options granted on 10 May 2017 under
b) Nature of the transaction the performance share plan
iii. Exercise of nil cost options granted on 11 April 2018
under the performance share plan
iv. Sale of shares to cover income tax and national insurance
liabilities
Price Volume
(i) Nil 38,499
(ii) Nil 137,763
c) Price(s) and volumes(s)
(iii) Nil 67,144
(iv) GBP1.740234 114,690
Aggregated information
d) -Aggregated volume
128,716
-Price
GBP199,587 (114,690 shares sold to cover income tax and
national insurance liabilities)
e) Date of the transaction 12 May 2021
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Paul Weir
2 Reason for Notification
a) Position/status Chief Operating Officer
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, Ordinary shares of 10 pence each
type of instrument
a)
Identification code
JE00B55Q3P39
i. Exercise of nil cost options granted on 22 June 2020 under
b) Nature of the transaction the restricted share plan
ii. Sale of shares to cover income tax and national insurance
liabilities
Price Volume
(i) Nil 20,407
c) Price(s) and volumes(s)
(ii) GBP1.740234 9,617
Aggregated information
d) -Aggregated volume
10,790
-Price
GBP16,735.83 (9,617 shares sold to cover income tax and
national insurance liabilities)
e) Date of the transaction 12 May 2021
f) Place of the transaction London Stock Exchange
-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:
(MORE TO FOLLOW) Dow Jones Newswires
May 13, 2021 09:00 ET (13:00 GMT)
DJ Genel Energy PLC: Director/PDMR Shareholding -2-
Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com. -----------------------------------------------------------------------------------------------------------------------
ISIN: JE00B55Q3P39, NO0010894330 Category Code: DSH TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 Sequence No.: 104984 EQS News ID: 1196391 End of Announcement EQS News Service =------------------------------------------------------------------------------------ Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1196391&application_name=news
(END) Dow Jones Newswires
May 13, 2021 09:00 ET (13:00 GMT)
