10 Sep 2010 09:50
10 September 2010
Great Eastern Energy Corporation Limited
('Great Eastern Energy' or 'the Company')
Re-organisation of Promoters' Holding
The Company announces that CBM Investments Limited, a 100% subsidiary of YKM Holdings International Limited, has transferred its entire holding in Great Eastern Energy to YKM Holdings International Limited.
Following this transfer, the total beneficial family interest in the Company of Mr. Yogendra Kr. Modi, Chairman & CEO and Mr. Prashant Modi, President & COOwill remain the same at 70,303,040 GDRs, representing approximately 60.54% of the total issued share capital of the Company.
For Further Information:
Great Eastern Energy
YK Modi Chairman & CEO +44 (0)20 7337 1516
Prashant Modi President & COO
Arden Partners
Richard Day +44 (0)20 7614 5918
Adrian Trimmings
RBC Capital Markets
Martin Eales +44 (0)20 7653 4000
Brett Jacobs
Pelham Bell Pottinger
Philip Dennis +44 (0)20 7861 3800
Elena Dobson