Director/PDMR Shareholding

RNS Number : 6015J

Energean PLC

13 December 2022

 

Energean plc

("Energean" or the "Company")

DIRECTOR / PDMR Shareholding

London, 13 December 2022  -  Notification of Transactions of Persons Discharging Managerial Responsibilities in respect of grant of awards under the Company's Long-Term Incentive Plan ("LTIP") .

Following the Company reaching first gas from the Company's Karish field as announced on 26 October 2022, an adjustment has been made to Mr Mathios Rigas' base salary, together with a corresponding further grant of awards under the Company's LTIP, as further detailed below.

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 Identification Code	Ordinary shares of 1p each  GB00BG12Y042
b)	Nature of the transaction	Grant of conditional award over shares under the Energean Plc Long Term Incentive Plan. The award is subject to a performance period ending on 31 December 2024, and will be subject to a further two year holding period. The award will carry a corresponding conditional entitlement to dividend equivalents, in the form of additional shares, in respect of the interim dividend announced by the Company on 8 September 2022 and paid on 30 September 2022, and any future dividends paid during the performance period and the holding period up to the relevant release date.
c)	Price(s) and volume(s)	Price(s) Volume(s)  nil   11,743
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	9 December 2022
f)	Place of the transaction	Outside a trading venue.

Enquiries

For capital markets: [e-mail]

Kate Sloan, Head of IR and ECM                                                      Tel: [phone]

For media: [e-mail]

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

 

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