TIDMGED

RNS Number : 2438Z

Global Energy Development PLC

05 March 2013

   For immediate release                                                         5 March 2013 

Global Energy Development PLC

(or the "Company")

NOTIFIABLE INTEREST

On 4 March 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 
-----------------------------------------------------------------------------  ------- 
 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                               ü 
-----------------------------------------------------------------------------  ------- 
 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           01 March 2013 
  on 
  which the threshold is crossed 
  or 
  reached: 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:             04 March 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   3,611,218        3,611,218             3,611,218                  3,611,218                  9.99 
               ---------------  --------------------  ------------  -----------  ----------  -------------  -------------- 
 
 
 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                                                         9.99% 
----------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 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         N/A 
  dispose of: 
----------------------------------------------------  ------------------------------ 
 12. Date on which proxy holder will dispose           1 March 2013 
  of voting rights: 
----------------------------------------------------  ------------------------------ 
 
                                           Following the exercise of options 
  13. Additional information:               effective 9 January 2013, the updated 
                                            VR figures became visible on Bloomberg 
                                            as of 1 March 2013 
---------------------------------------  ------------------------------------------- 
 14. Contact name:                        Nevelina Rousseva 
---------------------------------------  ------------------------------------------- 
 15. Contact telephone number: 
                                            fil-regreporting@fil.com, 01737 837216 
---------------------------------------  ------------------------------------------- 
 
 

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLKMGGFLKDGFZG

Global Energy Development (LSE:GED)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Global Energy Development Charts.
Global Energy Development (LSE:GED)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Global Energy Development Charts.