28 May 2010 07:00
28 May 2010
Great Eastern Energy Corporation Limited
("Great Eastern Energy" or "the Company")
First Day of Dealings
Great Eastern Energy Corporation Limited, a company involved in the exploration, development and production of coal bed methane gas in India, announces that its Global Depositary Receipts ("GDRs") have today been admitted to the Standard List on the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange for listed securities (the "Introduction"). Simultaneously, trading in the Company's GDRs on AIM has ceased. The Company's GDRs will continue to trade under the ticker 'GEEC' and the Company's ISIN (beingUS39032T1060) will remain unchanged.
The prospectus on the Introduction is available for viewing on the Company's website at www.geecl.com/lseprospectus. A copy has also been submitted to the Financial Services Authority for publication through the document viewing facility which is situated at The Financial Services Authority, 25 North Colonnade, Canary Wharf, London, E14 5HS.
Arden Partners plc has acted as financial adviser in relation to the Introduction and will continue to act as financial adviser and joint broker to the Company. RBC Capital Markets will continue to act as joint broker to the Company.
Commenting , Mr. YK Modi, Chairman and CEO of Great Eastern Energy, said:
"AIM has been an excellent platform to support Great Eastern Energy's development to date. We believe that moving the listing of our GDRs to the Main Market of the London Stock Exchange is a significant and appropriate step at a time when the market capitalisation of the Company has grown to over £560m and we enter a new phase of development with increasing production and distribution capability."
Disclaimer: http://www.geecl.com/IPO‐SEBI‐Disclaimer.html
For further information:
Great Eastern Energy +44 (0)20 7861 3800
YK Modi, Chairman & CEO
Prashant Modi, President & COO
Arden Partners plc +44 (0)20 7614 5918
Richard Day
Adrian Trimmings Patrick Castle
RBC Capital Markets +44 (0)20 7653 4000
Martin Eales
Brett Jacobs
Pelham Bell Pottinger +44 (0)20 7861 3800
Philip Dennis
Elena Dobson