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Genel Energy — Director's Dealing 2015
Apr 16, 2015
10826_dirs_2015-04-16_e20c68d5-000d-458d-b9f2-ede898603846.html
Director's Dealing
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RNS Number : 4730K
Genel Energy PLC
16 April 2015
16 April 2015
Genel Energy plc (the Company)
2015 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 Performance Share Plan (PSP) and Restricted Share Plan (RSP) on 15 April 2015 to PDMRs as set out below.
PSP 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.
PSP awards granted to PDMRs in Turkey were 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 PSP performance period will run from 1 January 2015 to 31 December 2017.
The award granted under the RSP was made in the form of a nil-cost conditional share award, and the shares comprised in it will be transferred 25% on the first anniversary of the award, 25% on the second anniversary of the award and 50% on the third anniversary of the award.
PSP Awards
| Name | No. of shares subject to PSP Award | Lapse date | Total number of shares over which options/awards are held following notification |
| Tony Hayward | 212,030 | 15 April 2025 | 546,744 |
| Julian Metherell | 137,543 | 15 April 2025 | 353,849 |
| Mehmet Sepil | 167,063 | 15 April 2025 | 350,185 |
| Murat Özgül | 112,757 | 15 April 2025 | 488,328 |
RSP Awards
| Name | No. of shares subject to PSP Award | Lapse date | Total number of shares over which options/awards are held following notification |
| Murat Özgül | 260,210 | 15 April 2025 | 488,328 |
Name of person making notification: Sarah Robertson
Contact number: +44 20 7659 5118
Date of notification: 16 April 2014
This information is provided by RNS
The company news service from the London Stock Exchange
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