Global Energy Development PLC Completion of Foreclosure Process (4123V)
January 30 2017 - 2:00AM
UK Regulatory
TIDMGED
RNS Number : 4123V
Global Energy Development PLC
30 January 2017
Immediate Release
GLOBAL ENERGY DEVELOPMENT PLC
(the "Company" or "Global")
COMPLETION OF FORECLOSURE PROCESS & TRANSFER OF ASSETS
Global Energy Development PLC (AIM: GED), announces that,
further to the announcement of 16 January 2017, the foreclosure
process associated with the Transaction B Assets is now complete
and the Transaction B Assets have been transferred to Maritime
Finance LLC, a vessel-owning company to be acquired pursuant to
Transaction B, free from liens and encumbrances.
As such, the remaining conditions precedent for completion of
the Transactions are the passing of the Resolution at the General
Meeting and Admission.
Enquiries:
Global Energy Development PLC
Anna Williams, Director of Strategy +1 817 424 2424, ext
and Business Development 110
awilliams@globalenergyplc.com
www.globalenergyplc.com
finnCap LtdChristopher Raggett/Scott Mathieson/Kate
Bannatyne (Corporate Finance) 0207 220 0500
Emily Morris (Corporate Broking)
Abchurch
Tim Thompson/Rebecca Clube 0207 398 7700
globalenergy@abchurch-group.com
Capitalised terms shall have the same meaning as in the
Admission Document posted to shareholders on 16 January 2017 unless
the context requires otherwise.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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