29 March 2023
Genel Energy plc (‘the Company’)
NOTIFICATION AND PUBLIC DISCLOSURE OF A TRANSACTION BY A PERSON CLOSELY ASSOCIATED TO A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
On 29 March 2023, Ümit Tolga Bilgin notified the Company that on 27 March 2023, Bilgin Grup Doğalgaz A.Ş. had purchased 16,911 Ordinary Shares in Genel Energy plc at a price of £1.092474 per share, and on 28 March 2023 Bilgin Grup Doğalgaz A.Ş. had purchased 220,000 Ordinary shares in Genel Energy plc at a price of £1.168145 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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£1.092474 per share
16,911
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d)
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Aggregated information
-Aggregated volume
-Price
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16,911
£18,474.83
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e)
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Date of the transaction
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27 March 2023
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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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£1.168145 per share
220,000
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d)
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Aggregated information
-Aggregated volume
-Price
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220,000
£256,991.90
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e)
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Date of the transaction
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28 March 2023
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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 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
