Director/PDMR Shareholding

RNS Number : 9310E

Genel Energy PLC

12 May 2017

 

12 May 2017

Genel Energy plc (the Company)

2017 Awards - Notification of Transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

Pursuant to the notification obligations under EU Market Abuse Regulations Article 19.1 the Company granted awards over its ordinary shares of 10 pence each under the Performance Share Plan (PSP) on 10 May 2017 to PDMRs as set out below.

PSP 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.

PSP awards granted to PDMRs in Turkey were 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 PSP performance period will run from 10 May 2017 to 9 May 2020.

Following vesting, shares are subject to the Company's retention policy.

PSP Awards

Name	No. of shares subject to PSP Award	Total number of shares over which options/awards are held following notification
Murat Özgül	1,163,151	2,888,787
Ben Monaghan	747,766	1,604,672
Pars Kutay	539,825	1,207,020
Paul Schofield	328,026	597,590

Name of person making notification: Sarah Robertson

Contact number: [phone]

Date of notification: 12 May 2017 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Murat Ozgul
2	Reason for Notification
a)	Position/status	CEO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Genel Energy plc
b)	LEI	549300IVCJDWC3LR8F94
4	Details of the transaction(s): section to be replaced for (i) each type of instrument; (ii) each type of transaction; (iii) each date (iv) each place where transaction have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence each JE00B55Q3P39
b)	Nature of the transaction	Grant of a nil-cost contingent share award under the Company's performance share plan
c)	Price(s) and volumes(s)	Price Volume Nil 1,163,151
d)	Aggregated information -Aggregated volume -Price	1,163,151 Nil
e)	Date of the transaction	10 May 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ben Monaghan
2	Reason for Notification
a)	Position/status	CFO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Genel Energy plc
b)	LEI	549300IVCJDWC3LR8F94
4	Details of the transaction(s): section to be replaced for (i) each type of instrument; (ii) each type of transaction; (iii) each date (iv) each place where transaction have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence each JE00B55Q3P39
b)	Nature of the transaction	Grant of a nil-cost options under the Company's performance share plan
c)	Price(s) and volumes(s)	Price Volume Nil 747,766
d)	Aggregated information -Aggregated volume -Price	747,766 Nil
e)	Date of the transaction	10 May 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Pars Kutay
2	Reason for Notification
a)	Position/status	Head of Government & Public Affairs
b)	Initial notification / Amendment	Initial notification
3	Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Genel Energy plc
b)	LEI	549300IVCJDWC3LR8F94
4	Details of the transaction(s): section to be replaced for (i) each type of instrument; (ii) each type of transaction; (iii) each date (iv) each place where transaction have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence each JE00B55Q3P39
b)	Nature of the transaction	Grant of a nil-cost contingent share award under the Company's performance share plan
c)	Price(s) and volumes(s)	Price Volume Nil 539,825
d)	Aggregated information -Aggregated volume -Price	539,825 Nil
e)	Date of the transaction	10 May 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Schofield
2	Reason for Notification
a)	Position/status	Chief Operating Officer
b)	Initial notification / Amendment	Initial notification
3	Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Genel Energy plc
b)	LEI	549300IVCJDWC3LR8F94
4	Details of the transaction(s): section to be replaced for (i) each type of instrument; (ii) each type of transaction; (iii) each date (iv) each place where transaction have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence each JE00B55Q3P39
b)	Nature of the transaction	Grant of a nil-cost contingent share award under the Company's performance share plan
c)	Price(s) and volumes(s)	Price Volume Nil 597,590
d)	Aggregated information -Aggregated volume -Price	597,590 Nil
e)	Date of the transaction	10 May 2017
f)	Place of the transaction	Outside a trading venue

 

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