Global Energy Development PLC TR-1: Notification of major interest in shares (8437S)
December 06 2012 - 2:01AM
UK Regulatory
TIDMGED
RNS Number : 8437S
Global Energy Development PLC
06 December 2012
For immediate release 6 December 2012
Global Energy Development PLC
(or the "Company")
NOTIFIABLE INTEREST
On 5 December 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 ü
--------------------------------------------------------------------------- -------
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 21 April Fund Ltd., c/o First Eagle
to the Investment Management, LLC
notification obligation:
------------------------------------------ ----------------------------------------
4. Full name of shareholder(s)
(if different from 3.):
------------------------------------------ ----------------------------------------
5. Date of the transaction and date 4 December 2012
on
which the threshold is crossed
or
reached:
------------------------------------------ ----------------------------------------
6. Date on which issuer notified: 5 December 2012
------------------------------------------ ----------------------------------------
7. Threshold(s) that is/are crossed 3% - Below 3%
or
reached:
------------------------------------------ ----------------------------------------
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
------------- ----- ------ ------ ------ --- ------------ ------------- --------- ------------- --------------
1p Ordinary
shares 1,082,619 1,082,619 1,022,700 1,022,700 2.84%
--------------- ------------------- ------------ ------------- --------- ------------- --------------
GB0031461949
------------- ----- ------ ------ ------ --- ---------- ---- ------- --------- --- ---- -----------
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
--------------------------------------------------------------- ---------------------------------------------------------
1,022,700 2.84%
--------------------------------------------------------------- ---------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable:
-----------------------------------------------------------------------------------
21 April Fund Ltd. is the direct holder of the shares. First Eagle Investment
Management, LLC is the investment manager of 21 April Fund Ltd.
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: Mark Goldstein, General Counsel
------------------------------------------ ---------------------------------------
15. Contact telephone number: 001-212-698-3101
------------------------------------------ ---------------------------------------
For further information please contact:
Global Energy Development PLC
Anna Williams, Finance Director +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
Petre Norton
Andrew Matharu
This information is provided by RNS
The company news service from the London Stock Exchange
END
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