Genel Energy PLC announced the grant of nil-cost options to its Persons Discharging Managerial Responsibilities (PDMRs) under the 2021 Performance Share Plan (PSP) and Deferred Bonus Plan (DBP) on March 30, 2026. Key details include
**PSP Awards**Paul Weir (CEO) received 1,423,532 shares, Luke Clements (CFO) received 656,521 shares, and Mike Adams (Technical Director) received 665,543 shares. These options vest after a three-year performance period, subject to performance targets.
**DBP Award**Paul Weir deferred 242,100 shares from his 2025 cash bonus into nil-cost options under the DBP, exercisable after two years.
**Total Holdings**Post-notification, Paul Weir holds 4,551,401 shares, Luke Clements holds 2,042,924 shares, and Mike Adams holds 2,140,496 shares.
**Transaction Details**All transactions were conducted outside a trading venue at nil cost.
Genel Energy is a socially responsible oil producer listed on the London Stock Exchange (LSE: GENL).