2025 Awards - Notification of Transactions by Persons Discharging Managerial Responsibilities (‘PDMRs’)
PSP and deferred bonus awards granted to CEO, CFO and Technical Director on 2 April 2025.
- PSP award to Paul Weir (CEO) 1,117,109 shares
- PSP award to Luke Clements (CFO) 515,160 shares
- PSP award to Mike Adams (Technical Director) 522,270 shares
- DBP award to Paul Weir (CEO) 144,669 shares
Select text to share a quote on X · sign in to keep highlights & notes in your GENL notes
Genel Energy PLC: 2025 Awards - Notification of Transactions by Persons Discharging Managerial Responsibilities (‘PDMRs’)
02-Apr-2025 / 15:00 GMT/BST
Genel Energy plc (the ‘Company’)
2025 Awards - Notification of Transactions by
Persons Discharging Managerial Responsibilities (‘PDMRs’)
Pursuant to the notification obligations under UK Market Abuse Regulations Article 19.1 the Company granted awards over its ordinary shares of 10 pence each under the 2021 Performance Share Plan (‘PSP’) on 2 April 2025 to the PDMRs set out below.
PSP awards
PSP awards granted were made in the form of nil-cost options and are subject to a three year performance period.
| Name | No. of shares subject to PSP Award | Total number of shares over which options/awards are held following notification |
|---|---|---|
| Paul Weir | 1,117,109 | 3,098,701 |
| Luke Clements | 515,160 | 1,386,403 |
| Mike Adams | 522,270 | 1,474,953 |
DBP award
In addition, Paul Weir deferred a proportion of his CEO 2024 cash bonus into Company shares under the DBP. The DBP award was made in the form of nil-cost options that become exercisable after two years. Options are then exercisable until the tenth anniversary of the grant date.
| Name | No. of shares subject to Deferred Bonus Share Award | Total number of shares over which options/awards are held following notification |
| Paul Weir | 144,669 | 3,098,701 |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Paul Weir |
| 2 | Reason for Notification | |
| a) | Position/status | CEO |
| b) | Initial notification / Amendment | Initial notification |
| a) | Name | Genel Energy plc |
| b) | LEI | 549300IVCJDWC3LR8F94 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each JE00B55Q3P39 |
| b) | Nature of the transaction | Grant of nil-cost options under the Company’s Performance Share Plan |
| c) | Price(s) and volumes(s) | Nil cost 1,117,109 |
| d) | Aggregated information -Aggregated volume -Price | 1,117,109 Nil |
| e) | Date of the transaction | 2 April 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Paul Weir |
| 2 | Reason for Notification | |
| a) | Position/status | CEO |
| b) | Initial notification / Amendment | Initial notification |
| a) | Name | Genel Energy plc |
| b) | LEI | 549300IVCJDWC3LR8F94 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each JE00B55Q3P39 |
| b) | Nature of the transaction | Grant of nil-cost options under the Company’s Deferred Bonus Plan |
| c) | Price(s) and volumes(s) | Nil cost 144,669 shares |
| d) | Aggregated information -Aggregated volume -Price | 144,669 Nil |
| e) | Date of the transaction | 2 April 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Luke Clements |
| 2 | Reason for Notification | |
| a) | Position/status | CFO |
| b) | Initial notification / Amendment | Initial notification |
| a) | Name | Genel Energy plc |
| b) | LEI | 549300IVCJDWC3LR8F94 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each JE00B55Q3P39 |
| b) | Nature of the transaction | Grant of nil-cost options under the Company’s Performance Share Plan |
| c) | Price(s) and volumes(s) | Nil cost 515,160 shares |
| d) | Aggregated information -Aggregated volume -Price | 515,160 Nil |
| e) | Date of the transaction | 2 April 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mike Adams |
| 2 | Reason for Notification | |
| a) | Position/status | Technical Director |
| b) | Initial notification / Amendment | Initial notification |
| a) | Name | Genel Energy plc |
| b) | LEI | 549300IVCJDWC3LR8F94 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each JE00B55Q3P39 |
| b) | Nature of the transaction | Grant of nil-cost options under the Company’s Performance Share Plan |
| c) | Price(s) and volumes(s) | Nil cost 522,270 shares |
| d) | Aggregated information -Aggregated volume -Price | 522,270 Nil |
| e) | Date of the transaction | 2 April 2025 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.