Genel Energy PLC: Director/PDMR Shareholding (1247330)
November 09 2021 - 5:00AM
UK Regulatory
Genel Energy PLC (GENL) Genel Energy PLC: Director/PDMR
Shareholding 09-Nov-2021 / 11:00 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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9 November 2021
Genel Energy plc
('the Company')
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
On 8 November 2021 Bill Higgs exercised options granted to him
under the Company's share schemes and sold sufficient shares to
cover tax liabilities arising as a result of his options
exercise.
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 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 Ordinary shares of 10 pence each
instrument, type of instrument
a)
Identification code
JE00B55Q3P39
i. Exercise of nil cost options granted on 22 December
2017 under the restricted share plan
ii. Exercise of nil cost options granted on 7 May 2019
under the restricted share plan
b) Nature of the transaction iii. Exercise of nil cost options granted on 22 December
2017 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
Price Volume
(i) Nil 154,184
(ii) Nil 99,979
c) Price(s) and volumes(s) (iii) Nil 35,183
(iv) Nil 220,142
(v) GBP345,687.84 240,061
Aggregated information
d) -Aggregated volume
509,488
-Price
GBP345,687.84 (240,061 shares sold to cover income tax and
national
insurance liabilities)
e) Date of the transaction 8 November 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 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
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.
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ISIN: JE00B55Q3P39, NO0010894330
Category Code: RDN
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 126321
EQS News ID: 1247330
End of Announcement EQS News Service
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