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Directors' Dealing

8 Nov 2019 08:19

RNS Number : 7792S
Great Eastern Energy Corp Ltd
08 November 2019
 

Market Abuse Regulation (MAR) DisclosureCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement

8 November 2019

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

 

Directors' Dealing

Mr. Yogendra Kr. Modi, Executive Chairman, and Mr. Prashant Modi, Managing Director & CEO, purchased through YKM Holdings International Ltd., 50,000 GDRs at 20.50p each on 7 November 2019 in the Company (1 GDR represents 0.5 underlying ordinary share of INR 10 each). Following this purchase, they have a beneficial interest of 63.70% in the Company.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Yogendra Kr. Modi and Prashant Modi

2

Reason for the notification

a)

Position/status

Executive Chairman, and Managing Director & CEO, respectively

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Great Eastern Energy Corporation Limited

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 Identification code

GDRs representing 0.5 underlying ordinary share of INR 10 each in Great Eastern Energy Corporation Limited

Identification code (ISIN) for Great Eastern Energy Corporation Limited ordinary shares: US39032T1060

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

20.50p

50,000

d)

Aggregated information

- Aggregated volume

- Price

 

50,000 GDRs

20.50p average price

e)

Date of the transaction

7 November 2019

f)

Place of the transaction

London Stock Exchange, Main Market

 

For further information please contact:

Great Eastern Energy Corporation Limited

www.geecl.com

Yogendra Kr. Modi

Executive Chairman

+44 (0) 20 3470 0470

Prashant Modi

Managing Director & CEO

Jonathan Keeling

VP - Investor Relations

+44 (0) 7717 559 522

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

Rob Rees

Richard Hail

Stephen Wong

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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