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Genel Energy PLC (GENL)


Thursday 06 May, 2021

Genel Energy PLC

Directorate Change

Genel Energy PLC (GENL)
Genel Energy PLC: Directorate Change

06-May-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

6 May 2021


Genel Energy plc


Directorate Change


Genel Energy plc ('Genel' or 'the Company') announces that Martin Gudgeon and Esa Ikaheimonen have each tendered their resignation as Director of the Company with effect from the close of the Annual General Meeting later today, and accordingly the resolutions relating to their re-appointment have been withdrawn. Esa Ikaheimonen remains in his role as Chief Financial Officer.


Martin Gudgeon was Chairman of the Remuneration Committee and a member of the Audit Committee. Board Committee memberships are under review and updates will be made when appropriate.


David McManus, Chairman of Genel, said:

"Martin brought a wealth of experience of the financial markets to the Board of Genel, and has been an important part of our Board discussions. I thank Martin for his valuable contribution to the Company. I also take this opportunity to thank Esa for his valued and continuing contribution to Genel. As Chief Financial Officer, Esa remains integral to the further strengthening of Genel's already strong financial position, with robust finances supporting a material dividend and re-investment in significant growth opportunities."




For further information, please contact:


Genel Energy

Andrew Benbow, Head of Communications

+44 20 7659 5100



Vigo Communications

Patrick d'Ancona 

+44 20 7390 0230


This announcement includes inside information.


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 Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to


ISIN: JE00B55Q3P39, NO0010894330
Category Code: BOA
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 103286
EQS News ID: 1193135

End of Announcement EQS News Service


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