07.05.2019 15:57:42

Genel Energy PLC: 2019 Awards - Notification of Transactions by PDMRs

Genel Energy PLC (GENL)
Genel Energy PLC: 2019 Awards - Notification of Transactions by PDMRs

07-May-2019 / 14:57 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

7 May 2019

 

 

Genel Energy plc (the Company)

 

2019 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') and Restricted Share Plan ('RSP') on 7 May 2019 to the PDMR 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 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 7 May 2019 to 6 May 2022.

 

RSP awards granted to PDMRs in the UK were made in the form of nil-cost options and become exercisable in three tranches; 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.

 

RSP 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 in three tranches; 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.

 

Following vesting, all shares are retained for an additional two years for Executive Committee members under the Company's Retention Policy.

 

Following vesting, shares are subject to the Company's retention policy.

 

 

The PSP awards are as follows:

 

Name

No. of shares subject to PSP Award

Total number of shares over which options/awards are held following notification

Bill Higgs

356,342

1,016,146

Esa Ikaheimonen

283,930

1,555,200

Pars Kutay

207,413

1,666,647

 

 

 

RSP awards:

Name

No. of shares subject to RSP Award

Total number of shares over which options/awards are held following notification

Bill Higgs

174,585

1,016,146

Pars Kutay

159,548

1,666,647

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

  a)

Name

Bill Higgs

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 options under the Company's performance share plan

c)

Price(s) and volumes(s)

Price

Volume

Nil

356,342

 

d)

Aggregated information

-Aggregated volume

-Price

 

 

356,342

Nil

e)

Date of the transaction

7 May 2019

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

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 options under the Company's restricted share plan

c)

Price(s) and volumes(s)

Price

Volume

Nil

174,585

 

d)

Aggregated information

-Aggregated volume

-Price

 

 

174,585

Nil

e)

Date of the transaction

7 May 2019

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 nil-cost options under the Company's performance  share plan

c)

Price(s) and volumes(s)

Price

Volume

Nil

283,390

 

d)

Aggregated information

-Aggregated volume

-Price

 

 

283,390

Nil

e)

Date of the transaction

7 May 2019

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

207,413

 

d)

Aggregated information

-Aggregated volume

-Price

 

 

207,413

Nil

e)

Date of the transaction

7 May 2019

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 restricted share plan

c)

Price(s) and volumes(s)

Price

Volume

Nil

159,548

 

d)

Aggregated information

-Aggregated volume

-Price

 

 

159,548

Nil

e)

Date of the transaction

7 May 2019

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. Genel has highly cash-generative oil production from the Taq Taq and Tawke licences, with material growth potential from other assets in the portfolio. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.

 

 
ISIN: JE00B55Q3P39
Category Code: DSH
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 8534
EQS News ID: 808119

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=808119&application_name=news&site_id=smarthouse

Der finanzen.at Ratgeber für Aktien!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!

Nachrichten zu Genel Energy Plcmehr Nachrichten

Analysen zu Genel Energy Plcmehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!

Newssuche

GO

Aktien in diesem Artikel

Genel Energy Plc 0,76 2,00% Genel Energy Plc

Börse aktuell - Live Ticker

Ruhiger Wochenausklang: US-Börsen letztlich stabil -- ATX geht im Plus ins Wochenende -- DAX schließt nach Rekordhoch knapp unter Nulllinie -- Nikkei 225 und Shanghai Composite letztlich tiefer
Der heimische Aktienmarkt zeigte sich im Freitagshandel höher, während der deutsche Leitindex letztendlich knapp unter seinem Vortagesschluss notierte, nachdem er zuvor ein neues Allzeithoch erreicht hatte. Die US-Börsen präsentierten sich zum Wochenschluss kaum bewegt. Die asiatischen Börsen zeigten sich am Freitag leichter.

Nachrichten

Aktien ATX  DAX  EuroStoxx 50  Dow Jones  NASDAQ 100  Nikkei 225  S&P 500 

Kontakt  - Impressum - Werbung

Sitemap  - Datenschutz  - Disclaimer  - AGB  - Privatsphäre-Einstellungen