Genel Energy PLC Announces Director Shareholdings

On 10 September 2024, Genel Energy PLC disclosed a significant transaction involving its Chief Financial Officer, Luke Clements. In compliance with UK Market Abuse Regulations, the company awarded Luke Clements nil-cost options over its ordinary shares as part of the 2021 Performance Share Plan (PSP). These options are subject to performance conditions and will vest in three stages: 25% in the first year, another 25% in the second year, and the remaining 50% in the third year.

The recent award granted to Luke Clements involves 69,620 ordinary shares of 10 pence each. Following this award, Luke Clements now holds options or awards over a total of 940,863 shares.

Genel Energy is listed on the main market of the London Stock Exchange and focuses on low-cost, low-carbon oil production in the Kurdistan Region of Iraq. The company continues to seek resilient and cash-generating assets to expand its portfolio.