Genel Energy Awards Significant Share Options to Senior Management

Genel Energy PLC, an oil company listed on the London Stock Exchange, announced the grant of nil-cost options under its 2021 Performance Share Plan on April 30, 2024, to key personnel within the organization, further engaging and incentivizing its upper management. These awards, tied to a three-year performance phase, were issued to multiple Persons Discharging Managerial Responsibilities (PDMRs) as outlined in the company's latest regulatory filing.

CEO Paul Weir received 879,455 shares, raising his total to 1,836,923. CFO Luke Clements was awarded 402,436 shares, now holding a total of 871,243, while Technical Director Mike Adams received 411,167 shares, bringing his tally to 1,085,667. These transactions were made outside a trading venue and are governed by the UK's Market Abuse Regulations.