Energean PLC has announced the release of shares under its Long Term Incentive Plan (LTIP) for the period 2018-2021. The shares, which were subject to a 2-year holding period, include dividend equivalent shares in respect of interim dividends announced by the company and paid in September 2022, December 2022, March 2023, and June 2023. The shares were released to Mathios Rigas, CEO of Energean, and Panos Benos, Chief Financial Officer. Both directors sold a portion of the shares to cover income tax and national insurance liabilities, while retaining the remaining shares. The transactions took place on September 7, 2023, outside a trading venue.
Mathios Rigas had 213,035 shares released, sold 13,656 shares, and retained 199,379 shares. Panos Benos had 142,023 shares released, sold 40,113 shares, and retained 101,910 shares. The sale price of the shares was £11.366.
Energean PLC is an oil and gas company.