Last checked at 16 Dec 2014 14:37
16 December 2014
Genel Energy Plc (the Company)
Notification of transactions by Persons Discharging Managerial Responsibilities (PDMR's)
Pursuant to the notification obligations under the Disclosure and Transparency Rule 3.1.4R, the Company announces that, on 15 December 2014, Mehmet Sepil, through his interest in Elysion Energy Holding B.V., sold 1,400,000 voting ordinary shares in the Company at £6.10 per share.
Following the disposal, Mehmet Sepil and Murat Yazici (who holds an indirect interest in the Company through Elysion Energy Holdings B.V. of 2.34%) 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 | 28,025,055 | 11.44 | 2,608,980 | 7.78 | 30,634,035 | 11.00 |
Murat Yazici | 700,926 | 0.29 | 245,993 | 0.73 | 946,919 | 0.34 |
For further information please contact:
Sarah Robertson, Company Secretary
Phil Corbett, Head of Investor Relations
Genel Energy plc
+44 20 7659 5100
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.