Genel Energy PLC: Director / PDMR Shareholding
10 September 2024 - 4:00PM
EQS Regulatory News
|
Genel Energy PLC (GENL)
Genel Energy PLC: Director / PDMR Shareholding
10-Sep-2024 / 15:00 GMT/BST
10 September 2024
Genel Energy plc (the
‘Company’)
2024 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 an award over
its ordinary shares of 10 pence each under the 2021 Performance
Share Plan (‘PSP’) on 10 September 2024 to Luke Clements as set out
below.
The PSP award granted to Luke Clements was made in the form
of nil-cost options and are subject to performance conditions 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.
|
Name
|
No. of shares subject to PSP Award
|
Total number of shares over which options/awards are held
following notification
|
|
Luke Clements
|
69,620
|
940,863
|
|
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
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary shares of 10 pence each
JE00B55Q3P39
|
|
b)
|
Nature of the transaction
|
Grant of nil-cost options under the Company’s Performance
Share Plan
|
|
c)
|
Price(s) and volumes(s)
|
Nil cost
|
|
d)
|
Aggregated information
-Aggregated volume
-Price
|
69,620
Nil
|
|
e)
|
Date of the transaction
|
10 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
-ends-
For further information, please contact:
|
Genel Energy
Luke Clements
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+44 20 7659 5100
|
|
|
|
|
Vigo Consulting
Patrick d’Ancona
|
+44 20 7830 9700
|
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). Genel has low-cost and low-carbon production
from the Kurdistan Region of Iraq, and continues to seek
opportunities to add new resilient and cash-generative assets to
its portfolio. 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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