Energean PLC recently announced the release of shares under the Long Term Incentive Plan (LTIP) for the period 2019-2021. The shares, which vested on 28 March 2022, were subject to a 2-year holding period. Additionally, dividend equivalent shares in respect of interim dividends were released, and a portion of the shares were sold to cover income tax and national insurance liabilities.
Mathios Rigas, the Chief Executive Officer, released 129,063 shares under the LTIP, 20,168 dividend equivalent shares, and sold 9,990 shares to cover liabilities. The aggregated information for the transaction was 149,231 shares released and 9,990 shares sold at a price of £10.650. The transaction took place outside a trading venue on 2 April 2024.
Similarly, Panos Benos, the Chief Financial Officer, released 77,437 shares under the LTIP, 12,101 dividend equivalent shares, and sold 21,514 shares to cover liabilities. The aggregated information for the transaction was 89,538 shares released and 21,514 shares sold at a price of £10.650. The transaction also took place outside a trading venue on 2 April 2024.
For further information, individuals can contact Kyrah McKenzie, Investor Relations Manager, for capital markets at [email protected] or on +44 7921 210 862. For media inquiries, contact Energean Oil and Gas at [email protected].