24 June 2022
Energean plc
("Energean" or the "Company")
DIRECTOR / PDMR Shareholding
London, 24 June 2022 - Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs")
The Company notes that Growthy Holdings Co. Limited ("Growthy Holdings"), a holding company owned by Mathios Rigas, has notified the Company that it has sold 5,000,000 ordinary shares it owns in Energean (the "Shares") (the "Sale"), representing approximately 2.8 per cent. of the Company's existing issued share capital. The Sale was effected through an accelerated book-built offering of the Shares to institutional investors.
Mr Rigas remains fully committed to the business and is confident in the outlook for Energean. Following completion of the Sale, Mr Rigas will remain a significant shareholder in Energean owning (directly or indirectly) approximately 15 million shares of the Company, representing approximately 8.5% of the Company's issued share capital.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Mathios Rigas | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Chief Executive Officer | ||||||
| b) | Initial notification /Amendment | Initial notification | ||||||
| 3 | Details of the issuer | |||||||
| a) | Name | Energean plc | ||||||
| b) | LEI | 549300RVMKU0CYUZBB05 | ||||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares on 1 pence each ISIN GB00BG12Y042 | ||||||
| b) | Nature of the transaction | Growthy Holdings Co. Limited, a holding company owned by Mathios Rigas, sold ordinary shares in Energean plc by way of an accelerated book-built offering of the ordinary shares to institutional investors | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||||
| e) | Date of the transaction | 23 June 2022 | ||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||||
Enquiries
For capital markets: ir@energean.com
Maria Martin, Head of Corporate Finance Tel: +44 7917 573 354
For media: pblewer@energean.com
Paddy Blewer, Head of Corporate Communications Tel: +44 7765 250 857
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