Director/PDMR Shareholding

RNS Number : 1794Z

Genel Energy PLC

04 March 2013

 



4^th March 2013

Genel Energy plc (the Company)

2011 Performance Share Plan (PSP)

2013 Awards - Notification of Transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

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 1^st March 2013 to PDMRs as set out in the table below.

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.

The award granted to PDMRs 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 2013 to 31 December 2015.

Name	No. of shares subject to PSP Award	Lapse date	Total number of shares over which options/awards are held following notification
Tony Hayward	134,352	1 March 2023	258,148
Julian Metherell	86,739	1 March 2023	166,730
Charles Proctor	32,971	1 March 2023	192,641
John Hurst	48,084	1 March 2023	104,431
Mehmet Sepil	105,784	1 March 2023	203,551
Murat Ozgul	49,009	1 March 2023	92,685

Name of person making notification: Sarah Robertson

Contact number: [phone]

Date of notification: 4 March 2013 

 

END

 

 

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