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Genel Energy PLC (GENL)
Genel Energy PLC: 2025 Awards - Notification of Transactions by Persons Discharging Managerial Responsibilities (‘PDMRs’)
02-Apr-2025 / 15:00 GMT/BST
2 April 2025
Genel Energy plc (the ‘Company’)
2025 Awards - Notification of Transactions by
Persons Discharging Managerial Responsibilities (‘PDMRs’)
Pursuant to the notification obligations under UK Market Abuse Regulations Article 19.1 the Company granted awards over its ordinary shares of 10 pence each under the 2021 Performance Share Plan (‘PSP’) on 2 April 2025 to the PDMRs set out below.
PSP awards
PSP awards granted were made in the form of nil-cost options and are subject to a three year performance period.
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Name
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No. of shares subject to PSP Award
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Total number of shares over which options/awards are held following notification
|
|
Paul Weir
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1,117,109
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3,098,701
|
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Luke Clements
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515,160
|
1,386,403
|
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Mike Adams
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522,270
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1,474,953
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DBP award
In addition, Paul Weir deferred a proportion of his CEO 2024 cash bonus into Company shares under the DBP. The DBP award was made in the form of nil-cost options that become exercisable after two years. Options are then exercisable until the tenth anniversary of the grant date.
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Name
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No. of shares subject to Deferred Bonus Share Award
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Total number of shares over which options/awards are held following notification
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Paul Weir
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144,669
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3,098,701
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Paul Weir
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2
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Reason for Notification
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a)
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Position/status
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CEO
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b)
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Initial notification / Amendment
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Initial notification
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3
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Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor
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|
a)
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Name
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Genel Energy plc
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b)
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LEI
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549300IVCJDWC3LR8F94
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4
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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
|
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 10 pence each
JE00B55Q3P39
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b)
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Nature of the transaction
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Grant of nil-cost options under the Company’s Performance Share Plan
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c)
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Price(s) and volumes(s)
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Nil cost
1,117,109
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|
d)
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Aggregated information
-Aggregated volume
-Price
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1,117,109
Nil
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e)
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Date of the transaction
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2 April 2025
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f)
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Place of the transaction
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Outside a trading venue
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Paul Weir
|
|
2
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Reason for Notification
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|
a)
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Position/status
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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
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|
b)
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Nature of the transaction
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Grant of nil-cost options under the Company’s Deferred Bonus Plan
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c)
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Price(s) and volumes(s)
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Nil cost
144,669 shares
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d)
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Aggregated information
-Aggregated volume
-Price
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144,669
Nil
|
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e)
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Date of the transaction
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2 April 2025
|
|
f)
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Place of the transaction
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Outside a trading venue
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|
1
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Details of the person discharging managerial responsibilities / person closely associated
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|
a)
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Name
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Luke Clements
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|
2
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Reason for Notification
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a)
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Position/status
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CFO
|
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b)
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Initial notification / Amendment
|
Initial notification
|
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3
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Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Genel Energy plc
|
|
b)
|
LEI
|
549300IVCJDWC3LR8F94
|
|
4
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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
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Ordinary shares of 10 pence each
JE00B55Q3P39
|
|
b)
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Nature of the transaction
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Grant of nil-cost options under the Company’s Performance Share Plan
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|
c)
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Price(s) and volumes(s)
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Nil cost
515,160 shares
|
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d)
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Aggregated information
-Aggregated volume
-Price
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515,160
Nil
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e)
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Date of the transaction
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2 April 2025
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f)
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Place of the transaction
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Outside a trading venue
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Mike Adams
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2
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Reason for Notification
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a)
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Position/status
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Technical Director
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b)
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Initial notification / Amendment
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Initial notification
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3
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Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
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Name
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Genel Energy plc
|
|
b)
|
LEI
|
549300IVCJDWC3LR8F94
|
|
4
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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)
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Nature of the transaction
|
Grant of nil-cost options under the Company’s Performance Share Plan
|
|
c)
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Price(s) and volumes(s)
|
Nil cost
522,270 shares
|
|
d)
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Aggregated information
-Aggregated volume
-Price
|
522,270
Nil
|
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e)
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Date of the transaction
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2 April 2025
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f)
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Place of the transaction
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Outside a trading venue
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-ends-
For further information please contact:
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Genel Energy
Luke Clements, CFO
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0
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Vigo Consulting
Patrick d’Ancona
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0
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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). For further information, please refer to
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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