TIDMENOG

RNS Number : 0613M

Energean PLC

11 September 2023

Energean plc

("Energean" or the "Company")

DIRECTOR / PDMR Shareholding

London, 11 September 2023 - Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMR") in respect of the release of shares which vested on 6 September 2021 under the Company's Long Term Incentive Plan relating to the period 2018-2021 (the "LTIP") and that have been subject to a 2-year holding period. The release of shares for the LTIP includes dividend equivalent shares in respect of the interim dividends announced by the Company on 8 September 2022, 17 November 2022, 9 February 2023 and 18 May 2023 and paid on 30 September 2022, 30 December 2022, 30 March 2023 and 30 June 2023 respectively (the "Interim Dividends"), and the sale of sufficient shares to cover income tax and national insurance liabilities with the balance being retained as laid out in the table below:

 
     Name         No of      No of    Sale Date      Price        No of 
                  Shares     Shares                 of Shares     Shares 
                 Released     Sold                    Sold       Retained 
   Mathios 
     Rigas       213,035    13,656    2023-09-07   GBP11.366     199,379 
               ----------  --------  -----------  -----------  ---------- 
 Panos Benos     142,023    40,113    2023-09-07   GBP11.366     101,910 
               ----------  --------  -----------  -----------  ---------- 
 
 
 1 
       Details of the person discharging managerial responsibilities 
       / person closely associated 
a)   Name 
                                      Mathios Rigas 
     ----------------------------  ---------------------------------------------------------- 
 2 
       Reason for the notification 
     ---------------------------------------------------------------------------------------- 
a)                                   CEO 
       Position/status 
     ----------------------------  ---------------------------------------------------------- 
b)                                   Initial notification 
       Initial notification 
       /Amendment 
     ----------------------------  ---------------------------------------------------------- 
 3 
       Details of the issuer 
     ---------------------------------------------------------------------------------------- 
a)                                   Energean plc 
       Name 
     ----------------------------  ---------------------------------------------------------- 
b)                                   549300RVMKU0CYUZBB05 
       LEI 
     ----------------------------  ---------------------------------------------------------- 
 4 
       Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ---------------------------------------------------------------------------------------- 
a) 
       Description of the            Ordinary shares of 1p each 
       financial instrument, 
       type of instrument 
                                     GB00BG12Y042 
       Identification Code 
     ----------------------------  ---------------------------------------------------------- 
b) 
       Nature of the transaction      (i) Release of shares under the LTIP; 
 
 
                                      (ii) Release of dividend equivalent shares 
                                      in respect of the Interim Dividends; and 
 
                                      (iii) Sale of shares to cover income tax 
                                      and national insurance liabilities. 
---  ----------------------------  ---------------------------------------------------------- 
c)   Price(s) and volume(s)         Price(s) 
                                                                     Volume(s) 
 
                                       (i) Nil                        (i) 196,986 
                                                                    ------------------------- 
 
                                                   (ii) Nil                       (ii) 16,049 
                                                                    ------------------------- 
 
                                                   (iii) GBP11.366           (iii) 13,656 
                                                                    ------------------------- 
---  ----------------------------  ---------------------------------------------------------- 
d)                                   Release Sale 
       Aggregated information 
                                      213,035 13,656 
       - Aggregated volume 
                                      Nil GBP11.366 
       - Price 
     ----------------------------  ---------------------------------------------------------- 
 
e)   Date of the transaction         2023-09-07 
     ----------------------------  ---------------------------------------------------------- 
f)   Place of the transaction 
                                      (i) Outside a trading venue 
 
                                      (ii) Outside a trading venue 
 
                                      (iii) XLON 
     ----------------------------  ---------------------------------------------------------- 
 
 
 1 
       Details of the person discharging managerial responsibilities 
       / person closely associated 
a)   Name 
                                      Panos Benos 
     ----------------------------  ---------------------------------------------------------- 
 2 
       Reason for the notification 
     ---------------------------------------------------------------------------------------- 
a)                                   Chief Financial Officer 
       Position/status 
     ----------------------------  ---------------------------------------------------------- 
b)                                   Initial notification 
       Initial notification 
       /Amendment 
     ----------------------------  ---------------------------------------------------------- 
 3 
       Details of the issuer 
     ---------------------------------------------------------------------------------------- 
a)                                   Energean plc 
       Name 
     ----------------------------  ---------------------------------------------------------- 
b)                                   549300RVMKU0CYUZBB05 
       LEI 
     ----------------------------  ---------------------------------------------------------- 
 4 
       Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ---------------------------------------------------------------------------------------- 
a) 
       Description of the            Ordinary shares of 1p each 
       financial instrument, 
       type of instrument 
                                     GB00BG12Y042 
       Identification Code 
     ----------------------------  ---------------------------------------------------------- 
b) 
       Nature of the transaction      (i) Release of shares under the LTIP; 
 
 
                                      (ii) Release of dividend equivalent shares 
                                      in respect of the Interim Dividends; and 
 
                                      (iii) Sale of shares to cover income tax 
                                      and national insurance liabilities. 
---  ----------------------------  ---------------------------------------------------------- 
c)   Price(s) and volume(s)         Price(s) 
                                                                     Volume(s) 
 
                                       (i) Nil                        (i) 131,324 
                                                                    ------------------------- 
 
                                                   (ii) Nil                       (ii) 10,699 
                                                                    ------------------------- 
 
                                                   (iii) GBP11.366           (iii) 40,113 
                                                                    ------------------------- 
---  ----------------------------  ---------------------------------------------------------- 
d)                                   Release Sale 
       Aggregated information 
                                      142,023 40,113 
       - Aggregated volume 
                                      Nil GBP11.366 
       - Price 
     ----------------------------  ---------------------------------------------------------- 
 
e)   Date of the transaction           2023-09-07 
     ----------------------------  ---------------------------------------------------------- 
f)   Place of the transaction 
                                      (i) Outside a trading venue 
 
                                      (ii) Outside a trading venue 
 
                                      (iii) XLON 
     ----------------------------  ---------------------------------------------------------- 
 

Enquiries

   For capital markets:    ir@energean.com 

Kate Sloan, Head of IR and M&A Tel: +44 7917 608 645

   For media:    pblewer@energean.com 
   Paddy Blewer, Head of Corporate Communications    Tel: +44 7765 250 857 
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