Last checked at 24 Mar 2014 13:36
24th March 2014
Genel Energy plc (the Company)
2011 Performance Share Plan (PSP)
2014 Awards - Notification of Transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, the Company granted awards over its ordinary shares of 10 pence each under the PSP on 21st March 2014 to PDMRs as set out below.
Awards granted to PDMRs in the UK were made in the form of nil-cost options, which become exercisable following the end of a three year performance period, subject to the satisfaction of performance targets. Options are then exercisable until the tenth anniversary of the date of grant.
The award granted to PDMRs in Turkey was made in the form of a nil-cost conditional share award, and the shares comprised in it will be transferred following the end of a three year performance period, subject to the satisfaction of performance targets.
The performance period will run from 1 January 2014 to 31 December 2016.
Name | No. of shares subject to PSP Award | Lapse date | Total number of shares over which options/awards are held following notification |
Tony Hayward |
98,231
| 21 March 2024 | 356,379 |
Julian Metherell |
63,575
| 21 March 2024 | 230,305 |
Charles Proctor |
34,135
| 21 March 2024 | 202,826 |
John Hurst |
35,153
| 21 March 2024 | 139,584 |
Mehmet Sepil |
77,338
| 21 March 2024 | 280,889 |
Murat Özgül |
34,588
| 21 March 2024 | 123,303 |
Name of person making notification: Sarah Robertson
Contact number: +44 20 7659 5118
Date of notification: 24 March 2014