Genel Energy PLC (GENL) Genel Energy PLC: Director/PDMR Shareholding
09-Nov-2021 / 11:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
9 November 2021 Genel Energy plc ('the Company') NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES On 8 November 2021 Bill Higgs exercised options granted to him under the Company's share schemes and sold sufficient shares to cover tax liabilities arising as a result of his options exercise. 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 | Bill Higgs | 2 | Reason for Notification | a) | Position/status | CEO | 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 December 2017 under the restricted share plan
- Exercise of nil cost options granted on 7 May 2019 under the restricted share plan
- Exercise of nil cost options granted on 22 December 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 | 154,184 | (ii) Nil | 99,979 | (iii) Nil | 35,183 | (iv) Nil | 220,142 | (v) £345,687.84 | 240,061 |
| d) | Aggregated information
-Aggregated volume -Price | 509,488 £345,687.84 (240,061 shares sold to cover income tax and national insurance liabilities) | e) | Date of the transaction | 8 November 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 Consulting 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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