DJ Genel Energy PLC: 2025 Awards - Notification of Transactions by Persons Discharging Managerial Responsibilities ('PDMRs')
Genel Energy PLC (GENL)
Genel Energy PLC: 2025 Awards - Notification of Transactions by Persons Discharging Managerial Responsibilities
('PDMRs')
02-Apr-2025 / 15:00 GMT/BST
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2 April 2025
Genel Energy plc (the 'Company')
2025 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') on 2 April 2025 to the PDMRs set out
below.
PSP awards
PSP awards granted were made in the form of nil-cost options and are subject to a three year performance period.
Name No. of shares subject to PSP Total number of shares over which options/awards are held following
Award notification
Paul Weir 1,117,109 3,098,701
Luke Clements 515,160 1,386,403
Mike Adams 522,270 1,474,953
DBP award
In addition, Paul Weir deferred a proportion of his CEO 2024 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
Paul Weir 144,669 3,098,701
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Paul Weir
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 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)
1,117,109
Aggregated information
d) -Aggregated volume
1,117,109
-Price
Nil
e) Date of the transaction 2 April 2025
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 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 of Ordinary shares of 10 pence each
instrument
a)
Identification code
JE00B55Q3P39
Grant of nil-cost options under the Company's Deferred
b) Nature of the transaction Bonus Plan
Nil cost
c) Price(s) and volumes(s)
144,669 shares
Aggregated information
d) -Aggregated volume
144,669
-Price
Nil
e) Date of the transaction 2 April 2025
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 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)
515,160 shares
Aggregated information
d) -Aggregated volume
515,160
-Price
Nil
e) Date of the transaction 2 April 2025
f) Place of the transaction Outside a trading venue
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, 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) 522,270 shares
Aggregated information
d) -Aggregated volume
522,270
-Price
Nil
e) Date of the transaction 2 April 2025
f) Place of the transaction Outside a trading venue
-ends-
For further information please contact:
Genel Energy
+44 20 7659 5100
Luke Clements, CFO
Vigo Consulting
+44 20 7390 0230
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). For further information, please refer to www.genelenergy.com
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: JE00B55Q3P39, NO0010894330 Category Code: MSCH TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 OAM Categories: 2.3. Major shareholding notifications Sequence No.: 380984 EQS News ID: 2110798 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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April 02, 2025 10:00 ET (14:00 GMT)
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