Last checked at 11 Sep 2023 16:10
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 Shares Released | No of Shares Sold | Sale Date | Price of Shares Sold | No of Shares Retained |
Mathios Rigas | 213,035 | 13,656 | 2023-09-07 | £11.366 | 199,379 |
Panos Benos | 142,023 | 40,113 | 2023-09-07 | £11.366 | 101,910 |
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a) | Name | Mathios Rigas | ||||||||
2 |
Reason for the notification
| |||||||||
a) |
Position/status
| CEO | ||||||||
b) |
Initial notification /Amendment
| Initial notification | ||||||||
3 |
Details of the issuer
| |||||||||
a) |
Name
| Energean plc | ||||||||
b) |
LEI
| 549300RVMKU0CYUZBB05 | ||||||||
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 financial instrument, type of instrument
Identification Code
|
Ordinary shares of 1p each
GB00BG12Y042
| ||||||||
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) |
| ||||||||
d) |
Aggregated information
- Aggregated volume
- Price
| Release Sale
213,035 13,656
Nil £11.366 | ||||||||
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) |
Position/status
| Chief Financial Officer | ||||||||
b) |
Initial notification /Amendment
| Initial notification | ||||||||
3 |
Details of the issuer
| |||||||||
a) |
Name
| Energean plc | ||||||||
b) |
LEI
| 549300RVMKU0CYUZBB05 | ||||||||
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 financial instrument, type of instrument
Identification Code
|
Ordinary shares of 1p each
GB00BG12Y042
| ||||||||
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) |
| ||||||||
d) |
Aggregated information
- Aggregated volume
- Price
| Release Sale
142,023 40,113
Nil £11.366 | ||||||||
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