09 May 2019
NOTIFICATION AND PUBLIC DISCLOSURE OF A TRANSACTION BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES AND A PERSON CLOSELY ASSOCIATED TO A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
On 8 May 2019, Bill Higgs notified the Company that he had purchased 16,048 Ordinary Shares in Genel Energy plc at a price of £2.117771 per share and 19,424 Ordinary Shares in Genel Energy plc at a price of £2.1107 per share.
Bill Higgs also notified the Company that Jack William Alexander Higgs had purchased 2,357 Ordinary Shares in Genel Energy plc at a price of £2.1207 per share. Jack William Alexander Higgs is a person closely associated with Bill Higgs, CEO of Genel Energy PLC.
The notification below 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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William Higgs
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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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Purchase of ordinary shares
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c)
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Price(s) and volumes(s)
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16,048 ordinary shares at £2.117771
19,424 ordinary shares at £2.1107
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d)
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Aggregated information
-Aggregated volume
-Price
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35,472
£74,984.23
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e)
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Date of the transaction
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8 May 2019
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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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Jack William Alexander Higgs
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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
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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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£2.1207 per share
2,357
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d)
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Aggregated information
-Aggregated volume
-Price
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2,357
£4,998.49
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e)
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Date of the transaction
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8 May 2019
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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.
