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Genel Energy
Transaction in Own Shares • May 2, 2023
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Transaction in Own Shares
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National Storage Mechanism | Additional information
Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholding
02-May-2023 / 14:30 GMT/BST
2 May 2023
Genel Energy plc
NOTIFICATION AND PUBLIC DISCLOSURE OF A TRANSACTION BY A PERSON CLOSELY ASSOCIATED TO A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
On 2 May 2023, Ümit Tolga Bilgin notified the Company that on 27 April 2023, Bilgin Grup Doğalgaz A.Ş. purchased 300,000 Ordinary Shares in Genel Energy plc at a price of £1.0867 per share, and on 28 April 2023 Bilgin Grup Doğalgaz A.Ş. purchased 100,000 Ordinary shares in Genel Energy plc at a price of £1.0950 per share. Ümit Tolga Bilgin is Vice-Chairman of Bilgin Grup Doğalgaz A.Ş., and is a Non-Executive Director of Genel Energy plc.
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation provides further detail.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Bilgin Grup Doğalgaz A.Ş. |
| 2 | Reason for Notification | |
| a) | Position/status | Person closely associated to Ümit Tolga Bilgin |
| 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 | Purchase of ordinary shares |
| c) | Price(s) and volumes(s) | £1.0867 per share 300,000 |
| d) | Aggregated information -Aggregated volume -Price |
300,000 £326,010 |
| e) | Date of the transaction | 27 April 2023 |
| f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Bilgin Grup Doğalgaz A.Ş. |
| 2 | Reason for Notification | |
| a) | Position/status | Person closely associated to Ümit Tolga Bilgin |
| 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 | Purchase of ordinary shares |
| c) | Price(s) and volumes(s) | £1.0950 per share 100,000 |
| d) | Aggregated information -Aggregated volume -Price |
100,000 £109,500 |
| e) | Date of the transaction | 28 April 2023 |
| 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 Communications 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 Kurdistan Region of Iraq, and a committed dividend programme that is material and sustainable. Genel continues to seek opportunities to add new resilient and cash-generative assets to its portfolio, with the goal of progressing its dividend in the long-term. For further information, please refer to www.genelenergy.com
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
| ISIN: | JE00B55Q3P39, NO0010894330 |
| Category Code: | DSH |
| TIDM: | GENL |
| LEI Code: | 549300IVCJDWC3LR8F94 |
| OAM Categories: | 2.3. Major shareholding notifications |
| Sequence No.: | 240841 |
| EQS News ID: | 1622327 |
| End of Announcement | EQS News Service |