Genel Energy PLC: Director/PDMR Shareholding

Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholding

30-May-2023 / 12:00 GMT/BST


 

30 May 2023

Genel Energy plc

 

NOTIFICATION AND PUBLIC DISCLOSURE OF A TRANSACTION BY A PERSON CLOSELY ASSOCIATED TO A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES AND A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
 

On 29 May 2023, Ümit Tolga Bilgin notified the Company that on 25 May 2023, Bilgin Grup Doğalgaz A.Ş. purchased 750,000 Ordinary Shares in Genel Energy plc at a price of £1.1108 per share, and on 26 May 2013 Bilgin Grup Doğalgaz A.Ş. purchased 25,000 Ordinary shares in Genel Energy plc at a price of £1.1100 per share. Ümit Tolga Bilgin is Vice-Chairman of Bilgin Grup Doğalgaz A.Ş., and is a Non-Executive Director of Genel Energy plc.

On 30 May 2023, Luke Clements notified the Company that on 30 May 2023, he sold 8,928 Ordinary Shares in Genel Energy plc at a price of £1.120036 and repurchased the same number of shares at a price of £1.130404 in order for the shares to be held in an ISA account.

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation provides further detail.

1

Details of the person discharging managerial responsibilities / person closely associated

  a)

Name

Bilgin Grup Doğalgaz A.Ş.

2

Reason for Notification

a)

Position/status

Person closely associated to Ümit Tolga Bilgin

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

Purchase of ordinary shares

 

c)

Price(s) and volumes(s)

£1.1108 per share

750,000

d)

Aggregated information

-Aggregated volume

-Price

 

 

750,000

£833,100

 

e)

Date of the transaction

25 May 2023

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

  a)

Name

Bilgin Grup Doğalgaz A.Ş.

2

Reason for Notification

a)

Position/status

Person closely associated to Ümit Tolga Bilgin

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

Purchase of ordinary shares

 

c)

Price(s) and volumes(s)

£1.1100 per share

25,000

d)

Aggregated information

-Aggregated volume

-Price

 

 

25,000

£27,750

e)

Date of the transaction

26 May 2023

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

  a)

Name

Luke Clements

2

Reason for Notification

a)

Position/status

Person discharging managerial responsibility

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

Sale and purchase of ordinary shares

 

c)

Price(s) and volumes(s)

Price

Volume

£1.120036 per share

8,928 (sold)

£1.130404 per share

8,928 (purchase)

 

d)

Aggregated information

(i) Aggregated volume

     Price

 

(ii) Aggregated volume

     Price

 

 

8,928

£9,999.68

 

8,928

£10,092.25

e)

Date of the transaction

30 May 2023

f)

Place of the transaction

London Stock Exchange

 

-ends-

 

For further information, please contact:

 

Genel Energy

Andrew Benbow, Head of Communications

+44 20 7659 5100

 

 

Vigo Consulting

Patrick d’Ancona 

+44 20 7390 0230

 

Notes to editors:

 

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Kurdistan Region of Iraq, and a committed dividend programme that is material and sustainable. Genel continues to seek opportunities to add new resilient and cash-generative assets to its portfolio, with the goal of progressing its dividend in the long-term. For further information, please refer to www.genelenergy.com

 



Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: JE00B55Q3P39, NO0010894330
Category Code: DSH
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 247344
EQS News ID: 1645025

 
End of Announcement EQS News Service

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