Genel Energy (GENL)

Sector:

Energy Producers

78.90p
   
  • Change Today:
      1.90p
  • 52 Week High: 101.60
  • 52 Week Low: 64.90
  • Currency: UK Pounds
  • Shares Issued: 279.40m
  • Volume: 78,147
  • Market Cap: £220.45m

Genel revamps board with McManus and Fallon

By Sean Farrell

Date: Thursday 06 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Genel Energy has appointed oil industry veteran David McManus as chairman and former cabinet minister Michael Fallon as senior independent director in a board shake-up at the oil and gas explorer.
McManus fills a gap left when Steve Whyte resigned as chairman of the Kurdistan-focused oil company in December. He has worked in the oil and gas industry for more than 40 years including stints at BG Group and Shell and will stand down as a non-executive director of Costain Group in May.

Fallon will be deputy chairman and chair Genel's international relations committee as well as senior independent director. He was the Conservative MP for Sevenoaks from 1997 to 2019 and was defence secretary for three years before standing down in 2017 over allegations of inappropriate flirting with women. Earlier in his career he was energy minister.

Genel said it had also appointed Tolga Bilgin, chief executive of Turkish company Bilgin Energy, and Hassan Gozal, chairman of Dubai-based Daax Corporation, as non-executive directors. Bilgin Energy and Daax are major shareholders of Genel.

George Rose, a Genel director who stood in as chairman, said: "I am delighted to welcome David to the board. He has vast experience which will help guide the company through the next phase in our development, as we build our operating capability and seek material growth. The appointments today bring significant industry and international expertise, with experience of operating, investing, and delivering major projects in the region."

Genel said the new appointments would make the majority of the board not independent. The company said it would recruit another independent non-executive director as soon as possible to restore an equal balance between independent and non-independent directors.









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Genel Energy Market Data

Currency UK Pounds
Share Price 78.90p
Change Today 1.90p
% Change 2.47 %
52 Week High 101.60
52 Week Low 64.90
Volume 78,147
Shares Issued 279.40m
Market Cap £220.45m

Genel Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.09% above the market average43.09% above the market average43.09% above the market average43.09% above the market average43.09% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Price Trend
44.4% below the market average44.4% below the market average44.4% below the market average44.4% below the market average44.4% below the market average
28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average
Income
4.95% above the market average4.95% above the market average4.95% above the market average4.95% above the market average4.95% above the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
20.27% below the market average20.27% below the market average20.27% below the market average20.27% below the market average20.27% below the market average
79.59% below the sector average79.59% below the sector average79.59% below the sector average79.59% below the sector average79.59% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 1
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Genel Energy Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Apr-23 15-Sep-22
Paid 19-May-23 14-Oct-22
Amount 12.00¢ 6.00¢

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 6,004 @ 78.90p
16:35 1 @ 78.90p
16:35 33 @ 78.90p
16:35 302 @ 78.90p
16:35 26 @ 78.90p

Genel Energy Key Personnel

Chair David McManus
CEO Paul Weir

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