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Genel Energy PLC (GENL)
Genel Energy PLC: Director/PDMR Shareholding
24-March-2020 / 09:30 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
24 March 2020
NOTIFICATION AND PUBLIC DISCLOSURE OF A TRANSACTION BY A PERSON CLOSELY ASSOCIATED TO A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
On 23 March 2020, Ümit Tolga Bilgin notified the Company that on 20 March 2020, Bilgin Grup Doğalgaz A.Ş. had purchased 1,015,000 Ordinary Shares in Genel Energy plc at a price of £0.813952 per share, and on 23 March 2020 Bilgin Grup Doğalgaz A.Ş. had purchased 170,618 Ordinary shares in Genel Energy plc at a price of £0.844006 per share. Ümit Tolga Bilgin is Vice-Chairman of Bilgin Grup Doğalgaz A.Ş., and is a Non-Executive Director of Genel Energy plc.
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation provides further detail.
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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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Bilgin Grup Doğalgaz A.Ş.
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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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Person closely associated to Ümit Tolga Bilgin
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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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Purchase of ordinary shares
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c)
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Price(s) and volumes(s)
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£0.813952 per share
1,015,000
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d)
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Aggregated information
-Aggregated volume
-Price
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1,015,000
£826,161.28
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e)
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Date of the transaction
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20 March 2020
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f)
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Place of the transaction
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London Stock Exchange
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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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Bilgin Grup Doğalgaz A.Ş.
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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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Person closely associated to Ümit Tolga Bilgin
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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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Purchase of ordinary shares
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c)
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Price(s) and volumes(s)
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0.844006 per share
170,618
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d)
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Aggregated information
-Aggregated volume
-Price
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170,618
£144,002.62
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e)
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Date of the transaction
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23 March 2020
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f)
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Place of the transaction
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London Stock Exchange
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-ends-
For further information, please contact:
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Genel Energy
Andrew Benbow, Head of Communications
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+44 20 7659 5100
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Vigo Communications
Patrick d'Ancona
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+44 20 7830 9700
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Notes to editors:
Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, and is the largest holder of reserves and resources in the Kurdistan Region of Iraq. Genel has highly cash-generative oil production from the Taq Taq and Tawke licences, with material growth potential from other assets in the portfolio. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.
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