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2019 Awards - Notification of Transactions by P...
2019 Awards - Notification of Transactions by P....
About this update from Genel Energy Plc
[{"type":"text","content":"\n \nGenel Energy PLC (GENL)Genel Energy PLC: 2019 Awards - Notification of Transactions by PDMRs07-May-2019 / 14:57 GMT/BSTDissemination 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.\n\n7 May 2019\n\n \n\n \n\nGenel Energy plc (the Company)\n\n \n\n2019 Awards - Notification of Transactions by \n\nPersons Discharging Managerial Responsibilities (PDMRs)\n\n \n\n \n\nPursuant to the notification obligations under EU Market Abuse Regulations Article 19.1, the Company granted awards over its ordinary shares of 10 pence each under the Performance Share Plan ('PSP') and Restricted Share Plan ('RSP') on 7 May 2019 to the PDMR set out below.\n\n \n\nPSP awards granted to PDMRs in the UK were made in the form of nil-cost options, which become exercisable following the end of a three year performance period, subject to the satisfaction of performance targets. Options are then exercisable until the tenth anniversary of the date of grant.\n\n \n\nPSP awards granted to PDMRs in Turkey were made in the form of a nil-cost conditional share award, and will be transferred following the end of a three year performance period, subject to the satisfaction of performance targets.\n\n \n\nThe PSP performance period will run from 7 May 2019 to 6 May 2022. \n\n \n\nRSP awards granted to PDMRs in the UK were made in the form of nil-cost options and become exercisable in three tranches; 25% on the first anniversary of the award, 25% on the second anniversary of the award and 50% on the third anniversary of the award.\n\n \n\nRSP awards granted to PDMRs in Turkey were made in the form of a nil-cost conditional share award  and the shares comprised in it will be transferred in three tranches; 25% on the first anniversary of the award, 25% on the second anniversary of the award and 50% on the third anniversary of the award.\n\n \n\nFollowing vesting, all shares are retained for an additional two years for Executive Committee members under the Company's Retention Policy.\n\n \n\nFollowing vesting, shares are subject to the Company's retention policy.\n\n \n\n \n\nThe PSP awards are as follows:\n\n \n\n\n\n...