Energean PLC Director/PDMR Shareholding

TIDMENOG

RNS Number : 6015J

Energean PLC

13 December 2022

Energean plc

("Energean" or the "Company")

DIRECTOR / PDMR Shareholding

London, 13 December 2022 - Notification of Transactions of Persons Discharging Managerial Responsibilities in respect of grant of awards under the Company's Long-Term Incentive Plan ("LTIP") .

Following the Company reaching first gas from the Company's Karish field as announced on 26 October 2022, an adjustment has been made to Mr Mathios Rigas' base salary, together with a corresponding further grant of awards under the Company's LTIP, as further detailed below.

 
 
 1    Details of the person discharging managerial responsibilities 
      / person closely associated 
a)  Name                       Mathios Rigas 
    -------------------------  -------------------------------------------- 
 
 2    Reason for the notification 
    ----------------------------------------------------------------------- 
a)                             Chief Executive Officer 
      Position/status 
    -------------------------  -------------------------------------------- 
b)                             Initial Notification 
      Initial notification 
      /Amendment 
    -------------------------  -------------------------------------------- 
 
 3    Details of the issuer 
    ----------------------------------------------------------------------- 
a)                             Energean plc 
      Name 
    -------------------------  -------------------------------------------- 
b)                             549300RVMKU0CYUZBB05 
      LEI 
    -------------------------  -------------------------------------------- 
 
 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         Ordinary shares of 1p each 
      financial instrument, 
      type of instrument 
                                 GB00BG12Y042 
      Identification Code 
    -------------------------  -------------------------------------------- 
b)  Nature of the transaction  Grant of conditional award over shares 
                                under the Energean Plc Long Term Incentive 
                                Plan. The award is subject to a performance 
                                period ending on 31 December 2024, and 
                                will be subject to a further two year 
                                holding period. 
 
                                The award will carry a corresponding 
                                conditional entitlement to dividend 
                                equivalents, in the form of additional 
                                shares, in respect of the interim dividend 
                                announced by the 
                                Company on 8 September 2022 and paid 
                                on 30 September 2022, and any future 
                                dividends paid during the performance 
                                period and the holding period up to 
                                the relevant release date. 
    -------------------------  -------------------------------------------- 
c)  Price(s) and volume(s)     Price(s) 
                                            Volume(s) 
 
                                 nil       11,743 
                                ---------  ---------- 
    -------------------------  -------------------------------------------- 
d)                             n/a 
      Aggregated information 
      - Aggregated volume 
      - Price 
    -------------------------  -------------------------------------------- 
e)  Date of the transaction 
                                 9 December 2022 
    -------------------------  -------------------------------------------- 
f)  Place of the transaction 
                                 Outside a trading venue. 
    -------------------------  -------------------------------------------- 
 

Enquiries

For capital markets: [e-mail]

Kate Sloan, Head of IR and ECM

Tel: [phone]

For media: [e-mail]

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

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December 13, 2022 13:05 ET (18:05 GMT)