27th Sep 2013 14:56
LONDON (Alliance News) - Genel Energy PLC Friday said that Group President Mehmet Sepil, and Non-Executive Director Murat Yazici, both disposed of voting ordinary shares in the company to a third party purchaser at a price of GBP9.20 per share on Thursday.
Non-Executive Director Murat Yazici sold 1,158,379 voting ordinary shares, to fund tax payments.
Group President Mehmet Sepil sold 972,122 voting ordinary shares, to fund tax payments and to facilitate a re-organisation of his holding structure.
Elysion Holding sold 945,750 voting ordinary shares in the company, to facilitate the re-organisation of Mehmet Sepil's holding structure.
The company said that at the same time, Mehmet Sepil, Murat Yazici, and President of Turkey and KRI Murat Ozgul, all restructured their interests in Elysion Holding.
Following this restructuring, Mehmet Sepil will have an indirect interest of 93.60%, and Murat Yazici will have an indirect interest of 2.34% in Elysion Holding.
A further 2.89% indirect interest in Elysion Holding is held for the benefit of Mehmet Sepil's family.
Murat Ozgul no longer has any interest in Elysion Holding.
Following these transactions, Mehmet Sepil, Murat Yazici and Murat Ozgul have the following beneficial interests in the Company:
Number of Voting Ordinary Shares | % of Total | Number of Suspended Voting Ordinary Shares | % of Total | Total Number of Ordinary Shares | % of Total | |
Mehmet Sepil | 26,667,412 | 11.60 | 9,178,717 | 18.22 | 35,846,129 | 12.79 |
Murat Yazici | 666,997 | 0.29 | 410,315 | 0.81 | 1,077,312 | 0.38 |
Murat Ozgul | 0 | 0 | 0 | 0 | 0 | 0 |
Genel Energy shares were trading at 974.50 pence per share, up almost 1% Friday afternoon.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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