Business
Genel Energy PLC: 2025 Awards - Notification...
Genel Energy PLC: 2025 Awards - Notification....
About this update from Genel Energy Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nGenel Energy PLC (GENL)\n\n\n\n\n\n\nGenel Energy PLC: 2025 Awards - Notification of Transactions by Persons Discharging Managerial Responsibilities (‘PDMRs’) 02-Apr-2025 / 15:00 GMT/BST\n\n\n2 April 2025\n\n \n\n \n\nGenel Energy plc (the ‘Company’)\n\n \n\n2025 Awards - Notification of Transactions by \n\nPersons Discharging Managerial Responsibilities (‘PDMRs’)\n\n \n\n \n\nPursuant 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.\n\n \n\nPSP awards\n\nPSP awards granted were made in the form of nil-cost options and are subject to a three year performance period.\n\n \n\n \n\n\n\n Name\n \n \n No. of shares subject to PSP Award\n \n \n Total number of shares over which options/awards are held following notification\n \n \n Paul Weir \n \n \n 1,117,109\n \n \n 3,098,701\n \n \n Luke Clements\n \n \n 515,160\n \n \n 1,386,403\n \n \n Mike Adams\n \n \n 522,270\n \n \n 1,474,953\n \n \n\n \n\nDBP award\n\nIn 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.\n\n \n\n \n\n\n\n Name\n \n \n No. of shares subject to Deferred Bonus Share Award\n \n \n Total number of shares over which options/awards are held following notification\n \n \n Paul Weir\n \n \n 144,669\n \n \n 3,098,701\n \n \n\n \n\n \n\n \n\n\n\n 1\n \n \n Details of the person discharging managerial responsibilities / person closely associated\n \n \n a)\n \n \n Name\n \n \n Paul Weir \n \n \n 2\n \n \n Reason for Notification\n \n \n a)\n \n \n Position/status\n \n \n CEO\n \n \n b)\n \n \n Initial notification / Amendment\n \n \n Initial notification\n \n \n 3\n \n \n Details of the issuers, emission allowance market participant, auction platform, auctioneer or auction monitor\n \n \n a)\n \n \n Name\n \n \n Genel Energy plc \n \n \n b)\n \n \n LEI\n \n \n 549300IVCJDWC3LR8F94\n \n \n 4\n \n \n Details of the transaction(s): section to be replace...