REG - Great Eastern Energy - Directors' Dealing

Great Eastern EnergyAnnouncement

12/06/2020 15:05

RNS Number : 8616P
  
Great Eastern Energy Corp Ltd
  
12 June 2020
  
 

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
 
12 June 2020
 
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., a total of 30,000 GDRs between 11 June 2020 and 12 June 2020 at a weighted average price of 14.52p each in the Company (1 GDR represents 0.5 underlying ordinary share of INR 10 each). Following this purchase, they have a beneficial interest of 63.89% 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)




5p


4,039




16p


25,961








d)


Aggregated information
 
- Aggregated volume
 
- Price


 
 
30,000 GDRs
 
14.52p weighted average price 




e)


Date of the transaction


11 June 2020 and 12 June 2020




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
































 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
DSHEALKAFEEEEFA