Great E. Energy Corp - Directors' Dealing

Great Eastern Energy

10/04/2017 16:34

RNS Number : 1107C

Great Eastern Energy Corp Ltd

10 April 2017

10 April 2017

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Directors' Dealing

The Company announces that Mr. Yogendra Kr. Modi, Executive Chairman, and Mr. Prashant Modi, Managing Director & CEO, purchased through YKM Holdings International Ltd., 735,216 GDRs at 27p each on 7 April 2017 in the Company (1 GDR represents 0.5 underlying ordinary share of INR 10 each). The Company was notified on 7 April 2017.

Following this purchase, they have a beneficial interest of 74,326,554 implied GDRs (42,955,000 GDRs and 15,685,777 ordinary shares) in the Company, representing approximately 62.39% of the total issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Yogendra Kr. Modi and Prashant Modi through YKM Holdings International Ltd
2
Reason for the notification
a)
Position/status
Executive Chairman and Chief Executive Officer, respectively
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Great Eastern Energy Corporation Limited
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
GDRs representing 0.5 underlying ordinary share of INR 10 each in Great Eastern Energy Corporation Limited
Identification code (ISIN) for Great Eastern Energy Corporation Limited ordinary shares: US39032T1060
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
27p
735,216
d)
Aggregated information
- Aggregated volume
- Price
735,216 GDRs
27p average price
e)
Date of the transaction
07 April 2017
f)
Place of the transaction
London Stock Exchange, Main Market

About the Company:

A fully integrated Coal-Bed Methane (CBM) gas exploration, production, and development Company providing gas to the growing industrial region of West Bengal, India, from its Raniganj (South) CBM block, which covers 210 sq. km with 2.62 TCF of Gas-in-Place.

The Company's second asset is the Mannargudi block, which covers 667 sq. km with 0.98 TCF of Gas-in-Place.

For further information please visitwww.geecl.comor contact:

Arden Partners

Steve Douglas  +44 20 7614 5900

Patrick Caulfield

This information is provided by RNS

The company news service from the London Stock Exchange

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