Director/PDMR Shareholding

RNS Number : 2424M

Genel Energy PLC

05 May 2015

 

5 May 2015

Genel Energy plc (the Company)

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 Performance Share Plan (PSP) and Restricted Share Plan (RSP) on 5 May 2015 to Ben Monaghan on joining the Company as set out below.

PSP awards granted 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 PSP performance period will run from 1 January 2015 to 31 December 2017.

PSP Award

Name	No. of shares subject to PSP Award	Lapse date	Total number of shares over which options/awards are held following notification
Ben Monaghan	97,528	05/05/2025	263,392

The award granted under the RSP was made in the form of nil-cost options and becomes exercisable in 3 tranches; 25% on the first anniversary of the award, 25% on the second anniversary of the award and 50% on the third anniversary of the award.

RSP Award

Name	No. of shares subject to RSP Award	Lapse date	Total number of shares over which options/awards are held following notification
Ben Monaghan	165,864	05/05/2025	263,392

Name of person making notification: Sarah Robertson

Contact number: [phone]

Date of notification: 5 May 2015

 

END

 

 

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