Great Eastern Energy - Directors' Dealing

Great Eastern Energy

21/11/2019 15:17

RNS Number : 2683U

Great Eastern Energy Corp Ltd

21 November 2019

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement

 

21 November 2019

 

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., 100,000 GDRs at 24.50p each on 20 November 2019 and a further 50,000 GDRs at 25p each on 21 November 2019 in the Company (1 GDR represents 0.5 underlying ordinary share of INR 10 each). Following this purchase, they have a beneficial interest of 63.87% 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)
24.50p
100,000
25p
50,000
d)
Aggregated information
- Aggregated volume
- Price
150,000 GDRs
24.67p weighted average price
e)
Date of the transaction
20 November 2019 and 21 November 2019
f)
Place of the transaction
London Stock Exchange, Main Market

 

For further information please contact:
Great Eastern Energy Corporation Limited
www.geecl.com
Yogendra Kr. Modi
Executive Chairman
+44 (0) 20 3470 0470
Prashant Modi
Managing Director & CEO
Jonathan Keeling
VP - Investor Relations
+44 (0) 7717 559 522
SP Angel Corporate Finance LLP
+44 (0) 20 3470 0470
Rob Rees
Richard Hail
Stephen Wong


 

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END

 

 

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