Genel Energy — Director's Dealing 2015

Sep 28, 2015

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RNS Number : 4189A

Genel Energy PLC

28 September 2015

28 September 2015

Genel Energy plc

('the Company')

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, and further to the announcement made on 22 September 2015, the Company hereby announces that as part of the ongoing internal re-organisation of Mehmet Sepil's indirectly held interests, through Elysion Energy Holding B.V. ('Elysion'), 500,000 voting ordinary shares in Genel Energy plc have been sold for an average price of £3.077063 between 22nd and 25th September 2015. 

It is intended that following completion of the internal re-organisation and once all steps are finalised (which will not happen simultaneously) Mehmet Sepil's indirect interest in the Company will remain unchanged.

Accordingly, Mehmet Sepil's total holding immediately following this notification is 30,204,371 (12.14%) voting ordinary shares and 1,086,443 (3.67%) suspended voting ordinary shares.

Murat Yazici's total holding immediately following this notification is 414,299 (0.17%) voting ordinary shares and 196,258 (0.66%) suspended voting ordinary shares.

Name of person making notification: Sarah Robertson

Contact number: +44 20 7659 5118

Date of notification: 28 September 2015

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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