Great E. Energy Corp - Directors' Dealing

Great Eastern Energy

03/09/2018 17:49

RNS Number : 6363Z

Great Eastern Energy Corp Ltd

03 September 2018

 

3 September 2018

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

 

Directors' Dealing

  

Mr. Yogendra Kr. Modi, Executive Chairman, and Mr. Prashant Modi, Managing Director & CEO, purchased through YKM Holdings International Ltd., 250,000 GDRs at 70p each on 31 August 2018 in the Company (1 GDR represents 0.5 underlying ordinary share of INR 10 each).  Following this purchase, they have a beneficial interest of 63.66% in the Company.

 

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
2
Reason for the notification
a)
Position/status
Executive Chairman, and Managing Director & CEO, 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)
70p
250,000
d)
Aggregated information
- Aggregated volume
- Price
250,000 GDRs
70p average price
e)
Date of the transaction
31 August 2018
f)
Place of the transaction
London Stock Exchange, Main Market

 

For further information please contact:

 

Arden Partners

Steve Douglas                                                                                                +44 20 7614 5900

Paul Shackleton                                                                                               

 

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END

 

 

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