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27 Sep 2013 14:30
27 September 2013
Genel Energy plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Pursuant to the notification obligations under the Disclosure and Transparency Rule 3.1.4R, the Company announces that, on 26 September 2013, certain of its Directors and PDMRs disposed of Voting Ordinary Shares in the Company as set out below:
Murat Yazici sold 1,158,379 Voting Ordinary Shares in the Company;
Mehmet Sepil sold 972,122 Voting Ordinary Shares in the Company; and
Elysion Holding B.V. ("Elysion Holding") sold 945,750 Voting Ordinary Shares in the Company.
All sales were made to a third party purchaser at a price of £9.20 per Share.
At the same time, Mehmet Sepil, Murat Yazici and Murat Ozgul have restructured their interests in Elysion Holding. Following this restructuring, Mehmet Sepil will have an indirect interest of 93.60%, and Murat Yazici will have an indirect interest of 2.34% in Elysion Holding. A further 2.89% indirect interest in Elysion Holding is held for the benefit of Mehmet Sepil's family. Murat Ozgul no longer has any interest in Elysion Holding.
Mehmet Sepil's shares were sold to fund tax payments and to facilitate a re-organisation of his holding structure. Murat Yazici's shares were sold to fund tax payments. Elysion Holding's shares were sold to facilitate the re-organisation of Mehmet Sepil's holding structure.
Following these transactions, Mehmet Sepil, Murat Yazici and Murat Ozgul have the following beneficial interests in the Company:
| Number of Voting Ordinary Shares | % of Total | Number of Suspended Voting Ordinary Shares | % of Total | Total Number of Ordinary Shares | % of Total |
Mehmet Sepil | 26,667,412 | 11.60 | 9,178,717 | 18.22 | 35,846,129 | 12.79 |
Murat Yazici | 666,997 | 0.29 | 410,315 | 0.81 | 1,077,312 | 0.38 |
Murat Ozgul | 0 | 0 | 0 | 0 | 0 | 0 |
-ends-
For further information please contact:
Genel Energy +44 20 7659 5100
Sarah Robertson, Company Secretary
Phil Corbett, Head of Investor Relations
Notes to editors:
Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL). The company, with headquarters in London and additional offices in Ankara and Erbil, is the largest independent oil producer and the largest holder of reserves in the Kurdistan Region of Iraq and, through value-accretive acquisitions, is building a high impact exploration portfolio within the Middle East and Africa. For further information, please refer to www.genelenergy.com
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