TIDMGED

RNS Number : 9370V

Global Energy Development PLC

21 January 2013

For immediate release 21 January 2013

Global Energy Development PLC

(or the "Company")

NOTIFIABLE INTEREST

On 18 January 2013, 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             FIL Limited 
  to the 
  notification obligation: 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)                 Section 9 
  (if different from 3.): 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date           17(th) January 2013 
  on 
  which the threshold is crossed 
  or 
  reached: 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:             18(th) January 2013 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached:                                     10% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 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 
-------------  ---------------  --------------------  ------------  -----------------------  ----------------------------- 
                                                       Indirect      Direct       Indirect    Direct         Indirect 
-------------    -----  ------  -------  ------  ---  ------------  -----------  ----------  -------------  -------------- 
 GB0031461949   3,582,387        3,582,387             3,611,218                  3,611,218                  10.00 
               ---------------  --------------------  ------------  -----------  ----------  -------------  -------------- 
 
 
 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 
----------------------------------------------------------------  -------------------------------------------------------- 
 3,611,218                                                         10.00% 
----------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------- 
  Custodian                 Advisor                              Total 
  ------------------------  -----------------------------------  ---------- 
   JP MORGAN, BOURNEMOUTH 
    (C)                      FII-FIL INVESTMENTS INTERNATIONAL      568,679 
  ------------------------  -----------------------------------  ---------- 
    FILUK-FIL INVESTMENT SERVICES 
     (UK) LIMITED                                                 3,042,539 
   ------------------------------------------------------------  ---------- 
   Grand Total                                                    3,611,218 
  -------------------------------------------------------------  ---------- 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                           FIL Limited 
------------------------------------------------------  ------------------------------ 
 11. Number of voting rights proxy holder will 
  acquire:                                               28,831 
------------------------------------------------------  ------------------------------ 
 12. Date on which proxy holder will acquire             17(th) January 2013 
  voting rights: 
------------------------------------------------------  ------------------------------ 
 
 
  13. Additional information:               None 
----------------------------------------  -------------------------------------------- 
 14. Contact name:                         Nina Collomosse 
----------------------------------------  -------------------------------------------- 
 15. Contact telephone number: 
                                             fil-regreporting@fil.com, 01737 837092 
----------------------------------------  -------------------------------------------- 
 
 

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 
  Antonio Bossi 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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