10 Nov 2009 07:00
November 10, 2009
Great Eastern Energy Corporation Limited
Extraordinary General Meeting
Great Eastern Energy Corporation Limited ("Great Eastern Energy" or "Company"), a company involved in the exploration, development and production of coal bed methane in India is pleased to announce that it is seeking shareholders' approval, in supplemental to the earlier approval of shareholders on September 8, 2008, for the following:
Issuance of new shares and offer for sale by existing shareholders of the Company and;
To re-appoint Mr. Yogendra Kr. Modi, Chairman & Managing Director (CEO) of the Company for a further period of 5 years as Chairman & Managing Director (CEO) w.e.f. December 20, 2009 on the same remuneration as already approved by the shareholders in their meeting held on September 8, 2008.
The Company has issued a notice to shareholders convening an Extraordinary General Meeting (the "EGM") to be held on December 1, 2009 to seek shareholders' approval for above mentioned two proposals.
Copy of the notice sent to shareholders for convening the EGM is available on the Company's website. The said notice has also been forwarded to the depository, Deutsche Bank Trust Company Americas. Holders of GDRs in the Company who have not received a copy of the notice to shareholders may obtain a copy from the Company's nominated advisor, Arden Partners.
Disclaimer: www.geecl.com/IPO-SEBI-Disclaimer.html
For Further Information:
Great Eastern Energy
YK Modi, Chairman & CEO +44 (0)20 7337 1516
Prashant Modi, President & COO
Arden Partners +44 (0)20 7398 1632
Richard Day
Adrian Trimmings
RBC Capital Markets +44 (0) 20 7653 4667
Sarah Wharry
Brett Jacobs
Pelham Public Relations
Philip Dennis +44 (0)20 7337 1516