Genel Energy PLC
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Director / PDMR Shareholding
- Genel Energy grants nil-cost options to CFO Clements.
- 69,620 shares awarded under 2021 Performance Plan.
- Options vest in three tranches over three years.
|
Genel Energy PLC (GENL) 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 -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 |
+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.
| ISIN: | JE00B55Q3P39, NO0010894330 |
| Category Code: | DSH |
| TIDM: | GENL |
| LEI Code: | 549300IVCJDWC3LR8F94 |
| OAM Categories: | 2.3. Major shareholding notifications |
| Sequence No.: | 345986 |
| EQS News ID: | 1985409 |
| End of Announcement | EQS News Service |
|
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