Energean PLC Director/PDMR Shareholding (0479Q)

TIDMENOG

RNS Number : 0479Q

Energean PLC

24 June 2022

24 June 2022

Energean plc

("Energean" or the "Company")

DIRECTOR / PDMR Shareholding

London, 24 June 2022 - Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs")

The Company notes that Growthy Holdings Co. Limited ("Growthy Holdings"), a holding company owned by Mathios Rigas, has notified the Company that it has sold 5,000,000 ordinary shares it owns in Energean (the "Shares") (the "Sale"), representing approximately 2.8 per cent. of the Company's existing issued share capital. The Sale was effected through an accelerated book-built offering of the Shares to institutional investors.

Mr Rigas remains fully committed to the business and is confident in the outlook for Energean. Following completion of the Sale, Mr Rigas will remain a significant shareholder in Energean owning (directly or indirectly) approximately 15 million shares of the Company, representing approximately 8.5% of the Company's issued share capital.

 
1    Details of the person discharging managerial responsibilities / person closely associated 
a)   Name                                                      Mathios Rigas 
     --------------------------------------------------------  ------------------------------------------------------- 
2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
a)   Position/status                                           Chief Executive 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          Ordinary shares on 1 pence each 
     instrument                                                 ISIN GB00BG12Y042 
     --------------------------------------------------------  ------------------------------------------------------- 
b)   Nature of the transaction                                 Growthy Holdings Co. Limited, a holding company owned 
                                                               by Mathios Rigas, sold ordinary shares 
                                                               in Energean plc by way of an accelerated book-built 
                                                               offering of the ordinary shares to institutional 
                                                               investors 
     --------------------------------------------------------  ------------------------------------------------------- 
c)   Price(s) and volume(s)                                    Price(s)    Volume(s) 
 
                                                                GBP 11.06   5,000,000 
                                                                            --------- 
     --------------------------------------------------------  ------------------------------------------------------- 
d)   Aggregated information                                    N/A 
      - Aggregated volume - Price 
     --------------------------------------------------------  ------------------------------------------------------- 
e)   Date of the transaction                                   23 June 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
f)   Place of the transaction                                  London Stock Exchange (XLON) 
     --------------------------------------------------------  ------------------------------------------------------- 
 

Enquiries

For capital markets: [e-mail]

Maria Martin, Head of Corporate Finance Tel: [phone]

For media: [e-mail]

Paddy Blewer, Head of Corporate Communications Tel: [phone]

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June 24, 2022 02:00 ET (06:00 GMT)