NAUT.L Regulatory News (NAUT)

9 Feb 2005 17:12

Global Energy Development PLC09 February 2005 Immediate Release 9 February 2005 GLOBAL ENERGY DEVELOPMENT PLC Exercise of Options Global Energy Development PLC ('Global' or the 'Company'), the petroleumexploration and production company (LSE-AIM: 'GED'), announces that followingreceipt of notices to exercise options at an exercise price of 50p from three ofthe Company's option-holders under the Company's employee share option scheme,with the latest notice being received on 1 February 2005, the Company hasallotted and issued credited as fully paid 66,819 new ordinary shares in theCompany (the 'New Shares'). Application has been made for the New Shares to beadmitted to trading on AIM and admission is expected to occur on 15 February2005. Following admission, the issued share capital of the Company will be 28,127,167Ordinary Shares. For further information: Global Energy Development PLCCatherine Miles, director of Investor Relations +44 (0) 20 7808 5550www.globalenergyplc.com +44 (0) 7909918034 Notes to Editors: Global holds exclusive contracts and rights to explore for and / or produce oiland gas from a geographically diversified portfolio of prospective acreage inColombia, Panama and Peru. This information is provided by RNS The company news service from the London Stock Exchange