24 March 2020
NOTIFICATION AND PUBLIC DISCLOSURE OF A TRANSACTION BY A PERSON CLOSELY ASSOCIATED TO A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
On 23 March 2020, Hassan Gozal notified the Company that on 20 March 2020, Daax Corporation FZE had purchased 200,000 Ordinary Shares in Genel Energy plc at a price of £0.74 per share, and on 23 March 2020 Daax Corporation FZE had purchased 120,000 Ordinary Shares in Genel Energy plc at a price of £0.84 per share. Hassan Gozal is sole shareholder and Director of Daax Corporation FZE, and is a Non-Executive Director of Genel Energy plc.
The notification below is 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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Daax Corporation FZE
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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 to Hassan Gozal
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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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£0.74 per share
200,000
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d)
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Aggregated information
-Aggregated volume
-Price
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200,000
£148,000
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e)
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Date of the transaction
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20 March 2020
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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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Daax Corporation FZE
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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 to Hassan Gozal
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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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0.84 per share
120,000
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d)
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Aggregated information
-Aggregated volume
-Price
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120,000
£100,800
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e)
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Date of the transaction
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23 March 2020
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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.
