Genel Energy PLC Director/PDMR Shareholding (1291B)
October 02 2015 - 10:45AM
UK Regulatory
TIDMGENL
RNS Number : 1291B
Genel Energy PLC
02 October 2015
2 October 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, and further to the announcements made on
22 and 28 September 2015, the Company hereby announces that as part
of the ongoing internal re-organisation of Mehmet Sepil's
indirectly held interests, through Elysion Energy Holding B.V.
('Elysion'), 1,727,976 voting ordinary shares in Genel Energy plc
have been sold between 28(th) and 1(st) October 2015 for an average
price of GBP2.769538.
It was previously notified that following completion of the
internal re-organisation and once all steps are finalised (which
will not happen simultaneously) Mehmet Sepil's indirect interest in
the Company will remain unchanged. However, there will now be a
reduction in Mehmet Sepil's holding as part of this process.
Accordingly, Mehmet Sepil's total holding immediately following
this notification is 28,906,042 (11.62%) voting ordinary shares and
1,100,515 (3.72%) suspended voting ordinary shares.
Murat Yazici's total holding immediately following this
notification is nil (0.0%) voting ordinary shares and 182,020
(0.61%) suspended voting ordinary shares.
Name of person making notification: Sarah Robertson
Contact number: +44 20 7659 5118
Date of notification: 28 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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