Director/PDMR Shareholding

RNS Number : 0479Q

Energean PLC

24 June 2022

 

24 June 2022

Energean plc

("Energean" or the "Company")

DIRECTOR / PDMR Shareholding

London, 24 June 2022 - Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs")

The Company notes that Growthy Holdings Co. Limited ("Growthy Holdings"), a holding company owned by Mathios Rigas, has notified the Company that it has sold 5,000,000 ordinary shares it owns in Energean (the "Shares") (the "Sale"), representing approximately 2.8 per cent. of the Company's existing issued share capital.  The Sale was effected through an accelerated book-built offering of the Shares to institutional investors.

Mr Rigas remains fully committed to the business and is confident in the outlook for Energean. Following completion of the Sale, Mr Rigas will remain a significant shareholder in Energean owning (directly or indirectly) approximately 15 million shares of the Company, representing approximately 8.5% of the Company's issued share capital.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mathios Rigas
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer
a)	Name	Energean plc
b)	LEI	549300RVMKU0CYUZBB05
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares on 1 pence each  ISIN GB00BG12Y042
b)	Nature of the transaction	Growthy Holdings Co. Limited, a holding company owned by Mathios Rigas, sold ordinary shares in Energean plc by way of an accelerated book-built offering of the ordinary shares to institutional investors
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 11.06 5,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	23 June 2022
f)	Place of the transaction	London Stock Exchange (XLON)

Enquiries

For capital markets:  [e-mail]

Maria Martin, Head of Corporate Finance  Tel: [phone]

For media:  [e-mail]

Paddy Blewer, Head of Corporate Communications                                                     Tel: [phone]

 

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