Director/PDMR Shareholding

RNS Number : 0201D

Genel Energy PLC

24 March 2014

 



24^th March 2014

Genel Energy plc (the Company)

2011 Performance Share Plan (PSP)

2014 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 each under the PSP on 21^st March 2014 to PDMRs as set out 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 nil-cost 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 2014 to 31 December 2016.

Name	No. of shares subject to PSP Award	Lapse date	Total number of shares over which options/awards are held following notification
Tony Hayward	98,231	21 March 2024	356,379
Julian Metherell	63,575	21 March 2024	230,305
Charles Proctor	34,135	21 March 2024	202,826
John Hurst	35,153	21 March 2024	139,584
Mehmet Sepil	77,338	21 March 2024	280,889
Murat Özgül	34,588	21 March 2024	123,303

Name of person making notification: Sarah Robertson

Contact number: [phone]

Date of notification: 24 March 2014 

 

END

 

 

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