| 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.
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 |
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 10 pence each JE00B55Q3P39 |
| b) |
Nature of the transaction |
- Exercise of nil cost options granted on 22 December 2017 under the restricted share plan
- Exercise of nil cost options granted on 7 May 2019 under the restricted share plan
- Exercise of nil cost options granted on 22 December 2017 under the performance share plan
- Exercise of nil cost options granted on 11 April 2018 under the performance share plan
- Sale of shares to cover income tax and national insurance liabilities
|
| c) |
Price(s) and volumes(s) |
| Price |
Volume |
| (i) Nil |
154,184 |
| (ii) Nil |
99,979 |
| (iii) Nil |
35,183 |
| (iv) Nil |
220,142 |
| (v) £345,687.84 |
240,061 |
|
| d) |
Aggregated information
-Aggregated volume -Price |
509,488 £345,687.84 (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 Andrew Benbow, Head of Communications |
+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). 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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