GED Global Energy

RNS Number:4564O
Global Energy Development PLC
21 February 2008


For Immediate Release                                        21 February 2008




                         GLOBAL ENERGY DEVELOPMENT PLC

                               SHARE OPTION GRANT


Global Energy Development PLC (the "Company") announces that on 11 February 2008
(the "grant date") options over an aggregate of 825,000 ordinary shares of 1
pence in the Company ("Ordinary Shares") were granted under the Company's
Employee Share Option Scheme to Directors and senior management employees of the
Company as follows:


Directors:

Name                                Position                                  Shares under option


Mr. Mikel Faulkner                  Executive Chairman                        150,000
Mr. Stephen Voss                    Vice Chairman                             50,000
Lord Freeman                        Non-executive Director                    50,000
Mr. David Quint                     Non-executive Director                    50,000
Mr. Alan Henderson                  Non-executive Director                    50,000


Senior Management:


Name                                Position                                  Shares under option


Mr. Stephen Newton                  Managing Director                         250,000
Ms. Jennifer Hance                  Director of Finance                       75,000
Mr. Francisco Suarez                Director of Exploitation                  75,000
Ms. Catherine Miles                 Company Secretary &                       75,000

                                    Head of Corporate Development



The options were granted at nil cost to the option holder and each have an
exercise price of 100.0 pence per share, this being greater than the average
closing mid-market price per ordinary share for the five business days preceding
the grant date, which was 82.4 pence.



In normal circumstances, the options vest over a period of three years, with one
third vesting on each of the first three anniversaries of the grant date and
once vested, the share options may be exercised until the tenth anniversary of
the grant date.



Following the grant of these options, the above named Directors and senior
managers' interests in the share capital of the Company are as follows:





Directors:


Name                                Ordinary Shares                           Shares under option


Mr. Mikel Faulkner                  155,000                                   1,730,000
Mr. Stephen Voss                    24,349                                    1,040,000
Lord Freeman                        5,000                                     90,000
Mr. David Quint                     51,428                                    100,000
Mr. Alan Henderson                  9,421                                     130,000



Senior Management:


Name                                Ordinary Shares                           Shares under option


Mr. Stephen Newton                  -                                         250,000
Ms. Jennifer Hance                  880                                       275,000
Mr. Francisco Suarez                -                                         400,000
Ms. Catherine Miles                 -                                         300,000





For further information


Global Energy Development PLC                             + 44 (0)20 7763 7177
Catherine Miles, Company Secretary                     www.globalenergyplc.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

RDSUAOKRWWRUURR

Global Energy Development (LSE:GED)
Historical Stock Chart
From May 2024 to Jun 2024

Global Energy Development (LSE:GED)
Historical Stock Chart
From Jun 2023 to Jun 2024