RNS Number : 0613M
Energean PLC
11 September 2023
 

Energean plc

("Energean" or the "Company")

 

DIRECTOR / PDMR Shareholding

 

London, 11 September 2023 - Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMR") in respect of the release of shares which vested on 6 September 2021 under the Company's Long Term Incentive Plan relating to the period 2018-2021 (the "LTIP") and that have been subject to a 2-year holding period. The release of shares for the LTIP includes dividend equivalent shares in respect of the interim dividends announced by the Company on 8 September 2022, 17 November 2022, 9 February 2023 and 18 May 2023 and paid on 30 September 2022, 30 December 2022, 30 March 2023 and 30 June 2023 respectively (the "Interim Dividends"), and the sale of sufficient shares to cover income tax and national insurance liabilities with the balance being retained as laid out in the table below:

Name

No of Shares Released

No of Shares Sold

Sale Date

Price of Shares Sold

No of Shares Retained

Mathios Rigas

213,035

13,656

2023-09-07

£11.366

199,379

Panos Benos

142,023

40,113

2023-09-07

£11.366

101,910

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name


   Mathios Rigas

2

 

Reason for the notification

 

a)

 

Position/status

 

   CEO

b)

 

Initial notification /Amendment

 

   Initial notification

3

 

Details of the issuer

 

a)

 

Name

 

   Energean plc

b)

 

LEI

 

   549300RVMKU0CYUZBB05

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification Code

 

 

   Ordinary shares of 1p each 

 

 

   GB00BG12Y042

 

b)

 

Nature of the transaction

 

 

 

(i)         Release of shares under the LTIP;

(ii)         Release of dividend equivalent shares in respect of the Interim Dividends; and

 

(iii)        Sale of shares to cover income tax and national insurance liabilities.

 

 

c)

Price(s) and volume(s)

 

   Price(s)

 

   Volume(s)

 

 

(i)         Nil

 

 

(i)         196,986

 

 

(ii)         Nil

 

 

 

(ii)         16,049

 

 

 

(iii)        £11.366

 

 

 

(iii)        13,656

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

   Release                                 Sale

   

   213,035                                  13,656

 

   Nil                                         £11.366

e)

Date of the transaction

 

   2023-09-07

  

f)

Place of the transaction

 

(i)         Outside a trading venue

 

(ii)         Outside a trading venue

 

(iii)        XLON

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name


   Panos Benos

2

 

Reason for the notification

 

a)

 

Position/status

 

   Chief Financial Officer

b)

 

Initial notification /Amendment

 

   Initial notification

3

 

Details of the issuer

 

a)

 

Name

 

   Energean plc

b)

 

LEI

 

   549300RVMKU0CYUZBB05

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification Code

 

 

   Ordinary shares of 1p each 

 

 

   GB00BG12Y042

 

b)

 

Nature of the transaction

 

 

 

(i)         Release of shares under the LTIP;

(ii)         Release of dividend equivalent shares in respect of the Interim Dividends; and

 

(iii)        Sale of shares to cover income tax and national insurance liabilities.

 

 

c)

Price(s) and volume(s)

 

   Price(s)

 

   Volume(s)

 

 

(i)         Nil

 

 

(i)         131,324

 

 

(ii)         Nil

 

 

 

(ii)         10,699

 

 

 

(iii)        £11.366

 

 

 

(iii)        40,113

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

   Release                                 Sale

   

   142,023                                  40,113

 

   Nil                                         £11.366

e)

Date of the transaction

 

   2023-09-07

 

 

f)

Place of the transaction

 

(i)         Outside a trading venue

 

(ii)         Outside a trading venue

 

(iii)        XLON

 

 

 

 

Enquiries

 

For capital markets:   ir@energean.com

Kate Sloan, Head of IR and M&A  Tel: +44 7917 608 645

For media:   pblewer@energean.com

Paddy Blewer, Head of Corporate Communications    Tel: +44 7765 250 857

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