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2 Oct 2015 15:45
2 October 2015
Genel Energy plc
('the Company')
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, and further to the announcements made on 22 and 28 September 2015, the Company hereby announces that as part of the ongoing internal re-organisation of Mehmet Sepil's indirectly held interests, through Elysion Energy Holding B.V. ('Elysion'), 1,727,976 voting ordinary shares in Genel Energy plc have been sold between 28th and 1st October 2015 for an average price of £2.769538.
It was previously notified that following completion of the internal re-organisation and once all steps are finalised (which will not happen simultaneously) Mehmet Sepil's indirect interest in the Company will remain unchanged. However, there will now be a reduction in Mehmet Sepil's holding as part of this process.
Accordingly, Mehmet Sepil's total holding immediately following this notification is 28,906,042 (11.62%) voting ordinary shares and 1,100,515 (3.72%) suspended voting ordinary shares.
Murat Yazici's total holding immediately following this notification is nil (0.0%) voting ordinary shares and 182,020 (0.61%) suspended voting ordinary shares.
Name of person making notification: Sarah Robertson
Contact number: +44 20 7659 5118
Date of notification: 28 September 2015
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 and resources in the Kurdistan Region of Iraq and, through its Miran and Bina Bawi gas fields, is set to be a cornerstone provider of gas to Turkey under the KRI-Turkey Gas Sales Agreement. Genel also continues to pursue further growth opportunities within the Middle East and Africa. For further information, please refer to www.genelenergy.com.
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