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8 Nov 2019 08:19
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) |
| ||||
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 | ||||
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