Notification of Major Interest in Shares (3923C)
April 30 2012 - 11:01AM
UK Regulatory
TIDMGED
RNS Number : 3923C
Global Energy Development PLC
30 April 2012
For immediate release 30 April 2012
Global Energy Development PLC
(or the "Company")
NOTIFIABLE INTEREST
On 27 April 2012, the Company received the following
information:
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
--------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying GLOBAL ENERGY DEVELOPMENT PLC
issuer
of existing shares to which voting rights
are
attached:
-------------------------------------------------- ----------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
--------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
----------------------------------------------------------------------------- -------
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
----------------------------------------------------------------------------- -------
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
----------------------------------------------------------------------------- -------
An event changing the breakdown of voting rights
----------------------------------------------------------------------------- -------
Other (please
specify):
------------------- -------------------------------------------------------- -------
3. Full name of person(s) subject HKN, INC.
to the
notification obligation:
-------------------------------------------- ----------------------------------------
4. Full name of shareholder(s)
(if different from 3.):
-------------------------------------------- ----------------------------------------
5. Date of the transaction and date 26 APRIL 2012
on
which the threshold is crossed
or
reached:
-------------------------------------------- ----------------------------------------
6. Date on which issuer notified: 27 APRIL 2012
-------------------------------------------- ----------------------------------------
7. Threshold(s) that is/are crossed
or
reached: 34%
-------------------------------------------- ----------------------------------------
8. Notified details:
---------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
---------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if
possible
using
the ISIN
CODE
----------- ------------------------------------ ------------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights
Shares Voting
Rights
----------- ---------------- ------------------ ------------- ------------------------ -------------------------------
Direct Direct Indirect Direct Indirect
xi xii
----------- ------ ------ ------ ------ ------------- ------------- --------- -------------- ---------------
1p
ordinary
shares 12,126,769 12,126,769 12,226,769 12,226,769 34.16%
---------------- ------------------ ------------- ------------- --------- -------------- ---------------
B: Qualifying Financial Instruments
---------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion Period rights that may rights
be
acquired if the
instrument is
exercised/ converted.
--------------------- -------------- -------------------------------- -------------------------- ----------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
---------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date Conversion rights instrument
instrument period refers to
------------- -------------- -------------- ----------------- ----------------------------- --------------------------
Nominal Delta
------------- -------------- -------------- ----------------- ----------------------------- ------------ ------------
Total (A+B+C)
---------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
-------------------------------------------------------------- -----------------------------------------------------------
12,226,769 34.16%
-------------------------------------------------------------- -----------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable:
-------------------------------------------------------------------------------
HKN, Inc. is a direct holder of the shares.
Proxy Voting:
-------------------------------------------------------------------------------
10. Name of the proxy holder:
-------------------------------------------------- ---------------------------
11. Number of voting rights proxy holder will
cease
to hold:
-------------------------------------------------- ---------------------------
12. Date on which proxy holder will cease to
hold
voting rights:
-------------------------------------------------- ---------------------------
13. Additional information:
--------------------------------------- --------------------------------------
14. Contact name: Sarah Gasch, Executive V/P and CFO
--------------------------------------- --------------------------------------
15. Contact telephone number: (817) 424-2424 USA
--------------------------------------- --------------------------------------
For further information please contact
Global Energy Development PLC
Anna Williams, Director of Business
Development and Company Secretary +001 817 310 0240
awilliams@globalenergyplc.com
www.globalenergyplc.com
Buchanan (Financial PR)
Tim Thompson +44 (0)20 7466 5000
Ben Romney
Northland Capital Partners Limited
Louis Castro +44 (0)20 7796 8800
Lauren Kettle
Westhouse Securities +44 (0) 20 7601 6100 Tom Price
Andrew Matharu
This information is provided by RNS
The company news service from the London Stock Exchange
END
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