Genel Energy PLC: Director/PDMR Shareholding

b'Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94).

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EQSEQS
Retrieved on: 
Thursday, May 13, 2021
Information
Tags: 
Resource economics, Genel Energy, Energy, Taq Taq, Low-carbon economy, Kurdistan Region, Articles
Geotags: 
IRAQ, SARTA, LONDON, KURDISTAN
Summary
Key Points: 
  • b'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.



Genel Energy PLC (GENL)


Genel Energy PLC: Director/PDMR Shareholding

13-May-2021 / 14:00 GMT/BST

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

13 May 2021

 

 

Genel Energy plc (the Company)

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
 

On 12 May 2021 each of Esa Ikaheimonen, Mike Adams, and Paul Weir exercised options granted to them under the Company's share schemes and sold sufficient shares to cover tax liabilities arising as a result of their option exercises.

 

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

Esa Ikaheimonen

2

Reason for Notification

a)

Position/status

Chief Financial Officer

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
  1. Exercise of nil cost options granted on 25 August 2017 under the restricted share plan
  2. Exercise of nil cost options granted on 27 August 2019 under the restricted share plan
  3. Exercise of nil cost options granted on 25 August 2017 under the performance share plan
  4. Exercise of nil cost options granted on 11 April 2018 under the performance share plan
  5. Sale of shares to cover income tax and national insurance liabilities
  6. Sale of shares to cover income tax and national insurance liabilities

c)

Price(s) and volumes(s)

Price

Volume

(i) Nil

471,816

(ii) Nil

34,082

(iii) Nil

357,204

(iv) Nil

275,401

(v) £1.740234

298,069

(vi) £1.73295

238,368

 

d)

Aggregated information

-Aggregated volume

-Price

 

 

602,066

£931,789.39 (536,437 shares sold to cover income tax and national insurance liabilities)

e)

Date of the transaction

12 May 2021

f)

Place of the transaction

London Stock Exchange

 

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

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 10 pence each

 

 

JE00B55Q3P39

b)

Nature of the transaction
  1. Exercise of nil cost options granted on 7 May 2019 under the restricted share plan
  2. Exercise of nil cost options granted on 10 May 2017 under the performance share plan
  3. Exercise of nil cost options granted on 11 April 2018 under the performance share plan
  4. Sale of shares to cover income tax and national insurance liabilities

c)

Price(s) and volumes(s)

Price

Volume

(i) Nil

38,499

(ii) Nil

137,763

(iii) Nil

67,144

(iv) £1.740234

114,690

 

d)

Aggregated information

-Aggregated volume

-Price

 

 

128,716

£199,587 (114,690 shares sold to cover income tax and national insurance liabilities)

e)

Date of the transaction

12 May 2021

f)

Place of the transaction

London Stock Exchange

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

  a)

Name

Paul Weir

2

Reason for Notification

a)

Position/status

Chief Operating Officer

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
  1. Exercise of nil cost options granted on 22 June 2020 under the restricted share plan
  2. Sale of shares to cover income tax and national insurance liabilities

c)

Price(s) and volumes(s)

Price

Volume

(i) Nil

20,407

(ii) £1.740234

9,617

 

d)

Aggregated information

-Aggregated volume

-Price

 

 

10,790

£16,735.83 (9,617 shares sold to cover income tax and national insurance liabilities)

e)

Date of the transaction

12 May 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 Communications

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.

 

 
ISIN: JE00B55Q3P39, NO0010894330
Category Code: DSH
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 104984
EQS News ID: 1196391



 
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