("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.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Chief Executive Officer
Initial notification /Amendment
Details of the issuer
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
Description of the financial instrument, type of instrument
Ordinary shares of 1p each
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.
Price(s) and volume(s)
- Aggregated volume - Price
Date of the transaction
9 December 2022
Place of the transaction
Outside a trading venue.
For capital markets: [email protected]
Kate Sloan, Head of IR and ECM Tel: +44 7917 608 645
For media: [email protected]
Paddy Blewer, Head of Corporate Communications Tel: +44 7765 250 857