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Completion of Foreclosure Process

30 Jan 2017 07:00

RNS Number : 4123V
Global Energy Development PLC
30 January 2017
 

 

Immediate Release

 

GLOBAL ENERGY DEVELOPMENT PLC

(the "Company" or "Global")

 

COMPLETION OF FORECLOSURE PROCESS & TRANSFER OF ASSETS

 

Global Energy Development PLC (AIM: GED), announces that, further to the announcement of 16 January 2017, the foreclosure process associated with the Transaction B Assets is now complete and the Transaction B Assets have been transferred to Maritime Finance LLC, a vessel-owning company to be acquired pursuant to Transaction B, free from liens and encumbrances.

 

As such, the remaining conditions precedent for completion of the Transactions are the passing of the Resolution at the General Meeting and Admission.

 

 

 

Enquiries:

 

Global Energy Development PLC

Anna Williams, Director of Strategy and Business Development

+1 817 424 2424, ext 110

awilliams@globalenergyplc.com

www.globalenergyplc.com

 

 

 

finnCap Ltd

Christopher Raggett/Scott Mathieson/Kate Bannatyne (Corporate Finance)

0207 220 0500

Emily Morris (Corporate Broking)

 

Abchurch

Tim Thompson/Rebecca Clube

0207 398 7700

globalenergy@abchurch-group.com

 

 

 

Capitalised terms shall have the same meaning as in the Admission Document posted to shareholders on 16 January 2017 unless the context requires otherwise.

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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1st Feb 20127:00 amRNSLong Term Financing Update
30th Jan 20127:00 amRNSChops Technology
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10th Jan 20127:00 amRNSAssignment Of Peru Block 95 Completed
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15th Dec 20117:00 amRNSREDUCTION IN CONVERTIBLE DEBT OBLIGATIONS
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18th Oct 20117:00 amRNSDIRECTOR SHAREHOLDING
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9th Sep 20114:41 pmRNSInterim Report
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6th Sep 20117:00 amRNSInterim Results
5th Sep 20117:00 amBUSForm 8.3 - Global Energy Development Plc
31st Aug 20112:44 pmRNSUpdate on Cash Offer
31st Aug 201110:36 amRNSForm 8 (DD) - Global Energy Development PLC
24th Aug 20112:52 pmRNSForm 8.3 - [Global Energy Devlopment Plc]
24th Aug 20117:00 amBUSForm 8.3 - Global Energy Development Plc
22nd Aug 20117:00 amBUSForm 8.3 - Global Energy Development Plc
15th Aug 20117:00 amBUSForm 8.3 - Global Energy Development Plc
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15th Jul 20117:00 amRNSPostponement of posting of Offer Document
1st Jul 20119:59 amRNSForm 8.3 - Global Energy Development PLC
30th Jun 201112:02 pmRNSPublic Opening Position Disclosure
28th Jun 20113:25 pmRNSResult of AGM
27th Jun 20112:49 pmRNSDIRECTOR SHAREHOLDING
20th Jun 20117:00 amRNSProduction rates increase
17th Jun 20114:15 pmRNSPOSTING OF OFFER ANNOUNCEMENT
17th Jun 20112:19 pmRNSForm 8.3 - [Global Energy Development Plc]
17th Jun 201110:23 amRNSPublic Opening Position Disclosure
16th Jun 20119:07 amRNSCash Offer
8th Jun 20117:00 amRNS100% Increase in Product Uplift
24th May 20117:00 amRNSAcquisition of New 3d Seismic - Bocachico
20th May 20117:00 amRNSPosting of Annual Report and Accounts
20th Apr 20117:00 amRNSAcquisition of New 3d Seismic - Bolivar
18th Apr 20117:00 amRNSAppt of Adviser and Change of Registered Office
12th Apr 20114:05 pmRNSExercise of Options and Director Shareholding
24th Mar 20117:00 amRNSAudited Final Results
14th Mar 20117:00 amRNSPERSONNEL CHANGE AND APPOINTMENTS
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