1 Jul 2008 12:03
| For Immediate Release | 1 July 2008 |
Global Energy Development PLC
(the "Company")
Notifiable Interest
A Form TR-1 containing the following information has been received by the Company.
TR-1: Notification of Major Interests in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Global Energy Development PLC
2. Reason for the notification:
An acquisition or disposal of voting rights
3. Full name of person(s) subject to the notification obligation:
The 2008 Annuity Trust
4. Full name of shareholder(s) (if different from 3):
-
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
30 May 2008
6. Date on which issuer notified:
27 June 2008
7. Threshold(s) that is/are crossed or reached:
5%
8. Notified details:
A: Voting rights attached to shares
| Class/type of shares If possible using ISIN CODE | Situation previous to the Triggering transaction | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | |||
| Direct | Direct | Indirect | Direct | Indirect | |||
| 1p Ordinary Shares GB0031461949 | 0 | 0 | 1,850,000 | 1,850,000 | 5.23% | ||
B: Financial Instruments
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted | % of voting rights |
Total (A+B)
| Number of voting rights | % of voting rights |
| 1,850,000 | 5.23% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
-
10. Name of the proxy holder:
-
11. Number of voting rights proxy holder will cease to hold:
-
12. Date on which proxy holder will cease to hold voting rights:
-
13. Additional information:
-
14. Contact name:
-
15. Contact:
-