GREAT EASTERN ENERGY CORPORATION LIMITED 
By Regulatory Story
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Company | |
TIDM | GEEC |
Headline | Director's Dealing |
Released | 07:00 22-Nov-2011 |
Number | 5266S07 |
RNS Number : 5266S
Great Eastern Energy Corp Ltd
22 November 2011
22 November 2011
Great Eastern Energy Corporation Limited ("Great Eastern" or "the Company") Director's Dealing
Further to the announcement yesterday, Great Eastern Energy
Corporation Limited (LSE: GEEC), the fully integrated,
leading Indian Coal Bed Methane (CBM) company,announces the
sale of 3 million Global Depository Receipts
("GDRs") at 310 pence per GDR held by YKM Holdings
International Limited ("YKMHIL") ("the
Sale"). Each GDR represents 0.5 ordinary unlisted share
of INR10 each in the capital of the Company.
Following such sale of GDRs, Mr. Yogendra Kr. Modi and Mr.
Prashant Modi, have a beneficial family interest of
67,528,040 GDR in the Company, representing approximately
58.15% of the total issued share capital of the Company.
The Company anticipates making a further announcement as to
the resulting beneficial family interest of Mr. Yogendra Kr.
Modi and Mr. Prashant Modi on completion of the rights issue
of new ordinary unlisted shares of the Company which was
announced yesterday (the "Rights Issue"). The
Rights Issue is being underwritten by YKMHIL, its
subsidiaries and associated companies.
Yogendra Kr. Modi Chairman & CEO +44 (0)20 7337 1516
Prashant Modi President & COO
Richard Day +44 (0)20 7614 5917
Adrian Trimmings
M: Communications | |
Ann-marie Wilkinson | +44 (0) 20 7920 2330 |
Patrick D'Ancona |
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