Genel Energy PLC Director/PDMR Shareholding (8507Z)
September 22 2015 - 10:30AM
UK Regulatory
TIDMGENL
RNS Number : 8507Z
Genel Energy PLC
22 September 2015
22 September 2015
Genel Energy plc
('the Company')
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Pursuant to the notification obligations under Disclosure and
Transparency Rule 3.1.4R, the Company hereby announces that as part
of an internal re-organisation of Mehmet Sepil's indirectly held
interests, through Elysion Energy Holding B.V. ('Elysion'), 217,993
voting ordinary shares in Genel Energy plc have been sold for an
average price of GBP3.293496.
As part of the internal re-organisation Mehmet Sepil's and Murat
Yazici's indirect holdings in Elysion will increase as a result of
certain other minority shareholders in the holding structure
disposing of their indirect interest in Elysion.
It is intended that following completion of the internal
re-organisation and once all steps are finalised (which will not
happen simultaneously) Mehmet Sepil's and Murat Yazici's indirect
interest in the Company will remain unchanged.
Accordingly, Mehmet Sepil's total holding immediately following
this notification is 30,226,181 (12.15%) voting ordinary shares,
1,070,693 (3.61%) suspended voting ordinary shares,
Murat Yazici's total holding immediately following this
notification is 985,780 (0.40%) voting ordinary shares and 215,359
(0.73%) suspended voting ordinary shares,
Name of person making notification: Sarah Robertson
Contact number: +44 20 7659 5118
Date of notification: 22 September 2015
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). The Company, with headquarters in London and
additional offices in Ankara and Erbil, is the largest independent
oil producer and the largest holder of reserves and resources in
the Kurdistan Region of Iraq and, through its Miran and Bina Bawi
gas fields, is set to be a cornerstone provider of gas to Turkey
under the KRI-Turkey Gas Sales Agreement. Genel also continues to
pursue further growth opportunities within the Middle East and
Africa. For further information, please refer to
www.genelenergy.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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