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Genel Energy Director's Dealing 2018
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Director's Dealing
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Genel Energy PLC (GENL)
Director/PDMR Shareholding
12-Apr-2018 / 11:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
12 April 2018
Genel Energy plc ('the Company')
2018 Awards - Notification of Transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
Pursuant to the notification obligations under EU Market Abuse Regulations Article 19.1 the Company granted awards over its ordinary shares of 10 pence each under the Performance Share Plan (PSP) on 11 April 2018 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 11 April 2018 to 10 April 2021.
Following vesting, shares are subject to the Company's retention policy.
| Name | No. of shares subject to PSP Award | Total number of shares over which options/awards are held following notification |
| Murat Özgül | 594,688 | 3,263,086 |
| Esa Ikaheimonen | 356,812 | 1,271,270 |
| Bill Higgs | 285,219 | 485,219 |
| Pars Kutay | 235,178 | 1,377,333 |
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Murat Ozgul
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
Grant of a nil-cost contingent share award under the Company's performance share plan
c)
Price(s) and volumes(s)
| Price | Volume |
| Nil | 594,688 |
d)
Aggregated information
-Aggregated volume
-Price
594,688
Nil
e)
Date of the transaction
11 April 2018
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Esa Ikaheimonen
2
Reason for Notification
a)
Position/status
CFO
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
Grant of a nil-cost options under the Company's performance share plan
c)
Price(s) and volumes(s)
| Price | Volume |
| Nil | 356,812 |
d)
Aggregated information
-Aggregated volume
-Price
356,812
Nil
e)
Date of the transaction
11 April 2018
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bill Higgs
2
Reason for Notification
a)
Position/status
COO
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
Grant of a nil-cost options under the Company's performance share plan
c)
Price(s) and volumes(s)
| Price | Volume |
| Nil | 285,219 |
d)
Aggregated information
-Aggregated volume
-Price
285,219
Nil
e)
Date of the transaction
11 April 2018
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Pars Kutay
2
Reason for Notification
a)
Position/status
Head of Government & Public Affairs
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
Grant of a nil-cost contingent share award under the Company's performance share plan
c)
Price(s) and volumes(s)
| Price | Volume |
| Nil | 235,178 |
d)
Aggregated information
-Aggregated volume
-Price
235,178
Nil
e)
Date of the transaction
11 April 2018
f)
Place of the transaction
Outside a trading venue
-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 an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, and is the largest holder of reserves and resources in the Kurdistan Region of Iraq. Through its Miran and Bina Bawi gas fields, the Company is positioned to be a cornerstone provider of KRI 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.
| ISIN: | JE00B55Q3P39 |
| Category Code: | DSH |
| TIDM: | GENL |
| LEI Code: | 549300IVCJDWC3LR8F94 |
| Sequence No.: | 5397 |
| End of Announcement | EQS News Service |
673921 12-Apr-2018