Genel Energy PLC (GENL) Genel Energy PLC: Director/PDMR Shareholding 13-May-2021 / 14:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
13 May 2021 Genel Energy plc (the Company) NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES On 12 May 2021 each of Esa Ikaheimonen, Mike Adams, and Paul Weir exercised options granted to them under the Company's share schemes and sold sufficient shares to cover tax liabilities arising as a result of their option exercises. The notification below made in accordance with the requirements of the UK Market Abuse Regulation provides further detail. | 1 | Details of the person discharging managerial responsibilities / person closely associated | | a) | Name | Esa Ikaheimonen | | 2 | Reason for Notification | | a) | Position/status | Chief Financial Officer | | b) | Initial notification / Amendment | Initial notification | | 3 | Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | Genel Energy plc | | b) | LEI | 549300IVCJDWC3LR8F94 | | 4 | Details of the transaction(s): section to be replaced for (i) each type of instrument; (ii) each type of transaction; (iii) each date (iv) each place where transaction have been conducted | | a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each JE00B55Q3P39 | | b) | Nature of the transaction | Exercise of nil cost options granted on 25 August 2017 under the restricted share plan Exercise of nil cost options granted on 27 August 2019 under the restricted share plan Exercise of nil cost options granted on 25 August 2017 under the performance share plan Exercise of nil cost options granted on 11 April 2018 under the performance share plan Sale of shares to cover income tax and national insurance liabilities Sale of shares to cover income tax and national insurance liabilities | | c) | Price(s) and volumes(s) | | Price | Volume | | (i) Nil | 471,816 | | (ii) Nil | 34,082 | | (iii) Nil | 357,204 | | (iv) Nil | 275,401 | | (v) £1.740234 | 298,069 | | (vi) £1.73295 | 238,368 |
| | d) | Aggregated information -Aggregated volume -Price | 602,066 £931,789.39 (536,437 shares sold to cover income tax and national insurance liabilities) | | e) | Date of the transaction | 12 May 2021 | | f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | | a) | Name | Mike Adams | | 2 | Reason for Notification | | a) | Position/status | Technical Director | | b) | Initial notification / Amendment | Initial notification | | 3 | Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | Genel Energy plc | | b) | LEI | 549300IVCJDWC3LR8F94 | | 4 | Details of the transaction(s): section to be replaced for (i) each type of instrument; (ii) each type of transaction; (iii) each date (iv) each place where transaction have been conducted | | a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each JE00B55Q3P39 | | b) | Nature of the transaction | Exercise of nil cost options granted on 7 May 2019 under the restricted share plan Exercise of nil cost options granted on 10 May 2017 under the performance share plan Exercise of nil cost options granted on 11 April 2018 under the performance share plan Sale of shares to cover income tax and national insurance liabilities | | c) | Price(s) and volumes(s) | | Price | Volume | | (i) Nil | 38,499 | | (ii) Nil | 137,763 | | (iii) Nil | 67,144 | | (iv) £1.740234 | 114,690 |
| | d) | Aggregated information -Aggregated volume -Price | 128,716 £199,587 (114,690 shares sold to cover income tax and national insurance liabilities) | | e) | Date of the transaction | 12 May 2021 | | f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | | a) | Name | Paul Weir | | 2 | Reason for Notification | | a) | Position/status | Chief Operating Officer | | b) | Initial notification / Amendment | Initial notification | | 3 | Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | Genel Energy plc | | b) | LEI | 549300IVCJDWC3LR8F94 | | 4 | Details of the transaction(s): section to be replaced for (i) each type of instrument; (ii) each type of transaction; (iii) each date (iv) each place where transaction have been conducted | | a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each JE00B55Q3P39 | | b) | Nature of the transaction | Exercise of nil cost options granted on 22 June 2020 under the restricted share plan Sale of shares to cover income tax and national insurance liabilities | | c) | Price(s) and volumes(s) | | Price | Volume | | (i) Nil | 20,407 | | (ii) £1.740234 | 9,617 |
| | d) | Aggregated information -Aggregated volume -Price | 10,790 £16,735.83 (9,617 shares sold to cover income tax and national insurance liabilities) | | e) | Date of the transaction | 12 May 2021 | | f) | Place of the transaction | London Stock Exchange |
-ends- For further information please contact: | Genel Energy Andrew Benbow, Head of Communications | +44 20 7659 5100 | | | | | Vigo Communications Patrick d'Ancona | +44 20 7830 9700 |
Notes to editors: Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.
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