Director/PDMR Shareholding

RNS Number : 4045E

Genel Energy PLC

30 May 2012

 



30^th May, 2012

Genel Energy plc (the "Company")

2011 Performance Share Plan ("PSP")

2012 Awards - Notification of Transactions by

Persons Discharging Managerial Responsibilities

Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, the Company granted awards over its ordinary shares of 10 pence nominal value under the PSP on 29^th May, 2012 to Persons Discharging Managerial Responsibilities as set out in the table below.

Awards granted to the executive directors 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. 

The award granted to the President in Turkey was made in the form of a 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 performance period will run from 1 January 2012 to 31 December 2014.  For further information on the PSP and the performance targets applicable to these awards, please refer to the 2012 Notice of AGM published on 20th April, 2012, a copy of which is available at www.genelenergy.plc. 

Name	No. of Shares subject to PSP Award	Lapse Date
Tony Hayward (executive director)	123,796	29th May, 2022
Julian Metherell (executive director)	79,991	29th May, 2022
Mehmet Sepil (President)	97,767	N/A

For further information contact:

Natalie Fortescue

Investor Relations

[phone]

 

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