7 March 2014
Genel Energy Plc (the "Company")
Conversion of Suspended Voting Ordinary Shares to Voting Ordinary Shares
The Company announces that, following the disposal of i) 2,250,000 Voting Ordinary Shares by Credit Europe Bank N.V. on 27 January 2014 and ii) 1,000,000 Voting Ordinary Shares by Türkiye IŞ Bankasi A. Ş., Istanbul Corporate Branch on 21 February 2014 (originally held by Focus Investments Limited, to third party purchasers who are not Affiliates (as such term is defined in the statement of rights attaching those shares), it has converted 4,642,857 Suspended Voting Ordinary Shares, in accordance with their terms, into 4,642,857 Voting Ordinary Shares, each of which will rank pari passu with the existing Voting Ordinary Shares.
For further information please contact:
Sarah Robertson, Company Secretary
Phil Corbett, Head of Investor Relations
Genel Energy
+44 20 7659 5100
Notes on voting rights
The Suspended Voting Ordinary Shares were issued to the selling shareholders of Genel Energy International Limited in consideration for its merger with the Company in November 2011 so as to ensure that such selling shareholders and their affiliates' aggregate holding of Voting Ordinary Shares did not and does not exceed 30%.
In total, the Voting Ordinary Share capital of the Company has increased by 4,642,857 Voting Ordinary Shares to 237,724,182 Voting Ordinary Shares.
Applications will be made to the UK Listing Authority for 4,642,857 Voting Ordinary Shares to be admitted to the standard listing segment of the Official List of the UK Listing Authority, and to the London Stock Exchange plc for the same 4,642,857 Voting Ordinary Shares to be admitted to trading on the London Stock Exchange's main market for listed securities (Admission). It is expected that the Admission will become effective, and that dealings in such shares will commence, at 8.00 a.m. on or around 13 March 2014.
Following the Admission on 13 March 2014 the total number of Ordinary Shares will be 280,248,198 (of which 237,724,182 will be Voting Ordinary Shares and 42,524,016 will be Suspended Voting Ordinary Shares).
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of, any securities. The securities of the Company referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless they are registered with the U.S. Securities and Exchange Commission or an exemption from the registration requirements of the Securities Act is available. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
