GED Global Energy

    RNS Number : 1747Z
  Global Energy Development PLC
  16 July 2008
   

 For Immediate Release  16 July 2008


    GLOBAL ENERGY DEVELOPMENT PLC

    SHARE OPTION GRANT


    Global Energy Development PLC (the "Company") announces that on 15 July 2008 (the "grant date") options over 100,000 ordinary shares of
1 pence in the Company ("Ordinary Shares") were granted under the Company's Employee Share Option Scheme to Bruce Bottger, a senior
management employee who holds the position of director of Finance.

    The options were granted at nil cost and each have an exercise price of 113.3 pence, this being equal to the average closing mid-market
price per ordinary share for the five business days preceding the grant date.

    The options granted vest over a period of three years, with one third vesting on each anniversary of the grant. Once vested the share
options may be exercised through to the tenth anniversary of the grant date unless the grantee ceases being an employee of the Company, in
which instance the options expire two calendar years after the date the individual ceases to be an employee of the Company.

    Following the grant of these options, Bruce Bottger's interests in the share capital of the Company is as follows:

 Name               Ordinary Shares  Shares under option 

 Mr. Bruce Bottger  -                100,000


    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
 
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