Exercise of Options (9221C)

TIDMGED

RNS Number : 9221C

Global Energy Development PLC

09 May 2012

 
 For Immediate Release    9 May 2012

GLOBAL ENERGY DEVELOPMENT PLC

(the "Company")

EXERCISE OF OPTIONS

Global Energy Development PLC, the Latin America focused petroleum exploitation, development and production company (LSE-AIM: "GED") announces that it is issuing 254,902 new ordinary shares in the capital of the Company following an exercise of options by a former employee.

Application was made for the admission of the new ordinary shares to trade on AIM, with dealings expected to commence on 14 May 2012. Following admission of the new ordinary shares, the Company will have 36,044,657 ordinary shares in issue.

For further information:

 
 Global Energy Development PLC:         +001 817 310 0240 
 Anna Williams, Director of Business 
  Development and Company Secretary 
 awilliams@globalenergyplc.com 
 www.globalenergyplc.com 
 
 Buchanan: 
 Tim Thompson                           +44 (0)20 7466 5126 
 Ben Romney                             +44 (0)20 7466 5132 
 
 Northland Capital Partners Limited:    +44 (0)20 7796 8800 
 Louis Castro 
 Lauren Kettle 
 
 Westhouse Securities Limited:          +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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