A connected shareholder controls nearly a quarter of Genel Energy PLC (LSE:GENL, FRA:4VL, OTC:GEGYY) following its designation as a takeover target.
The business holds no direct interests, financial derivatives, or subscription rights in its own name. Umit Tolga Bilgin emerged as the largest single person acting in concert with the board.
Bilgin controls 68.5 million shares, representing a 24.53% stake in the business.
The vast majority of this position is held indirectly through Bilgin Enerji Yatirim Holding, which accounts for 66.4 million,163 shares.
A further 2.2 million shares are held by Mehmet V Bilgin within the same concert party structure.
Other connected figures hold substantially smaller positions in the energy firm.
Yetik Kadri Mert owns exactly 157,841 shares, equating to a fractional 0.06% interest.
John Paul Weir holds a modest 47,393 ordinary shares alongside a comprehensive package of deferred bonus and performance awards.
These executive share awards are scheduled to vest in stages between 2025 and 2030, with final expiry dates stretching out to 2036.
No active indemnity agreements or dealing arrangements exist between any of the related parties.
The shareholding snapshot reflects market positions as at 12 August 2026, the latest practicable date before disclosure.
This public opening position disclosure is a mandatory filing under the UK Takeover Code because Genel Energy has been identified as the offeree company.
