GEEC.L Regulatory News (GEEC)

13 Sep 2006 07:01

Great Eastern Energy Corp Ltd13 September 2006 13 September 2006 As previously announced, the Company convened an Extraordinary General Meetingon 21 August 2006 to approve a proposal to sponsor the issue of up to 90,120,395Global Depositary Receipts ("GDRs") representing up to 450,601,979 existingordinary shares of 1INR each. Following the passing of these resolutions, application has been made to theLondon Stock Exchange for 57,418,843 GDRs to be admitted to trading on AIM.Admission is expected to occur on 14th September 2006. No new ordinary shares are being issued, the Directors believe that extendingthe GDR programme will help improve liquidity in these securities. For further information, contact: Great Eastern Energy (00 91 124 258 0465)Yogendra Kr. Modi - Executive Chairman and Managing Director Arden Partners plc (020 7398 1634)Richard Day / Steve Pearce Pelham PR (0207 743 6670)Archie Berens / James Henderson The notional market capitalisation of Great Eastern Energy, as of 12 September, 2006 is GBP 144 million. This information is provided by RNS The company news service from the London Stock Exchange