REG - Great Eastern Energy - Directors' Dealing

Great Eastern EnergyAnnouncement

21/11/2019 15:20

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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