DJ Genel Energy PLC: Director/PDMR Shareholdings
Genel Energy PLC (GENL) Genel Energy PLC: Director/PDMR Shareholdings 05-Apr-2022 / 16:56 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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5 April 2022
Genel Energy plc (the 'Company')
2022 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 2021 Performance Share Plan ('PSP') and Deferred Bonus Plan ('DBP') on 4 April 2022 to the PDMRs set out below.
PSP awards
PSP awards granted to PDMRs in the UK were made in the form of nil-cost options. PSP awards granted to PDMRs in Turkey were made in the form of a nil-cost conditional share awards.
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.
Name No. of shares subject to PSP Total number of shares over which options/awards are held following
Award notification
Bill Higgs 476,274 2,448,374
Luke Clements 100,729 469,060
Michael Adams 207,819 843,994
Sefa Sadik 123,080 123,080
Aytekin
Paul Weir 179,726 693,746
DBP award
In addition, Bill Higgs elected to defer a proportion of his annual 2021 cash bonus into Company shares under the DBP. The DBP award was 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.
Name No. of shares subject to Deferred Bonus Total number of shares over which options/awards are held
Share Award following notification
Bill Higgs 58,748 2,448,374
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, Ordinary shares of 10 pence each
type 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 under the Company's
Deferred Bonus Plan
i. Nil cost
476,274
c) Price(s) and volumes(s)
ii. Nil cost
58,748
Aggregated information
d) -Aggregated volume
535,022
-Price
Nil
e) Date of the transaction 4 April 2022
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Luke Clements
2 Reason for Notification
a) Position/status Interim 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 of Ordinary shares of 10 pence each
instrument
a)
Identification code
JE00B55Q3P39
b) Nature of the transaction Grant of nil-cost options under the Company's
Performance Share Plan
Nil cost
c) Price(s) and volumes(s)
100,729
Aggregated information
d) -Aggregated volume
100,729
-Price
Nil
e) Date of the transaction 4 April 2022
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
b) Nature of the transaction Grant of nil-cost options under the Company's
Performance Share Plan
Nil cost
c) Price(s) and volumes(s) 207,819 shares
Aggregated information
d) -Aggregated volume
207,819
-Price
Nil
e) Date of the transaction 4 April 2022
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Sefa Sadik Aytekin
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
Description of the financial instrument, Ordinary shares of 10 pence each
type of instrument
a)
Identification code
JE00B55Q3P39
b) Nature of the transaction Grant of a nil-cost conditional share award under the
Company's performance share plan
Nil cost
c) Price(s) and volumes(s)
123,080 shares
Aggregated information
d) -Aggregated volume
123,080
-Price
Nil
e) Date of the transaction 4 April 2022
f) Place of the transaction Outside a trading venue
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, type of Ordinary shares of 10 pence each
instrument
a)
Identification code
JE00B55Q3P39
b) Nature of the transaction Grant of nil-cost options under the Company's
Performance Share Plan
Nil cost
c) Price(s) and volumes(s)
179,726 shares
Aggregated information
d) -Aggregated volume
179,726
-Price
Nil
e) Date of the transaction 4 April 2022
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 Consulting
+44 20 7830 9700
Patrick d'Ancona
Notes to editors:
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 progressive dividend. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.
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ISIN: JE00B55Q3P39, NO0010894XXX Category Code: DSH TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 153845 EQS News ID: 1321083 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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April 05, 2022 11:57 ET (15:57 GMT)
