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Share Option Grant

26 Jun 2007 11:46

Global Energy Development PLC26 June 2007 For Immediate Release 26 June 2007 GLOBAL ENERGY DEVELOPMENT PLC SHARE OPTION GRANT Global Energy Development PLC (the "Company") announces that on 13 June 2007(the "grant date") under the Company's Share Option Scheme an aggregate of200,000 options to subscribe for ordinary shares of 1 pence in the Company ("Ordinary Shares") were granted to three senior management employees of theCompany as follows: Name Position Options granted Ms. Jennifer Hance director of Finance 50,000Ms. Catherine Miles Company Secretary & 50,000 Head of Corporate DevelopmentMr. Francisco Suarez director of Exploitation 100,000 The options were granted at nil cost and each have an exercise price of 85.7pence, this being equal to the average closing mid-market price per ordinaryshare for the five business days preceding the grant date. The options granted vest over a period of three years, with one third vesting oneach anniversary of the grant. Once vested the share options may be exercisedthrough to the tenth anniversary of the grant date unless the grantee ceasesbeing an employee of the Company, in which instance the options expire twocalendar years after the date the individual ceases to be an employee of theCompany. Following the grant of these options, the above named senior managementemployees' interests in the share capital of the Company is as follows: Name Ordinary Shares Options Ms. Jennifer Hance 880 200,000Ms. Catherine Miles - 225,000Mr. Francisco Suarez - 325,000 This notification is made in accordance with DR 3.1.4R(1)(a) of the DisclosureRules. For further information Global Energy Development PLC + 44 (0)20 7763 7177Catherine Miles, Company Secretarywww.globalenergyplc.com This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
4th Mar 20117:00 amRNSReserve Report
4th Feb 20117:00 amRNSExtension Of Loan Agreement
31st Jan 20117:00 amRNSTotal Voting Rights
20th Jan 20117:00 amRNSStrategy Update and Nomination
17th Jan 20117:00 amRNSPurchase and Cancellation of Loan Notes
13th Dec 20107:00 amRNSFarm-Out Agreement
12th Oct 20101:01 pmRNSInterim Report
12th Oct 20107:00 amRNSOperating Update
16th Sep 20107:00 amRNSInterim Results
15th Sep 20107:00 amRNSLoan Agreement
30th Jul 20107:00 amRNSContract Relinquishment
15th Jul 20107:00 amRNSOperations Update
9th Jul 20107:00 amRNSDirector Shareholding
30th Jun 20107:00 amRNSDirector Shareholding
15th Jun 20107:00 amRNSWell Testing Result
28th May 20107:00 amRNSWell Testing Update
14th May 20104:26 pmRNSResult of AGM
19th Apr 201010:00 amRNSAdvisory Board
19th Apr 20109:30 amRNSPosting Of Annual Report And Accounts
6th Apr 20107:00 amRNSAppointment
29th Mar 20107:00 amRNSWell Spudded
11th Mar 20107:00 amRNSThree Year Plan
11th Mar 20107:00 amRNSFinal Results
10th Mar 20107:00 amRNSRig Mobilisation
12th Feb 20107:00 amRNSRig Contract
3rd Feb 20107:00 amRNSNew Reserve Report
24th Sep 20095:23 pmRNSPosting of Interim Report
3rd Sep 20097:00 amRNSInterim Results
27th Jul 20097:00 amRNSAcquisition of Seismic
30th Jun 20093:52 pmRNSUpdate to Total Voting Rights
19th May 200912:06 pmRNSAnnual Report & Accounts
20th Apr 20097:00 amRNSFinal Results
30th Mar 20097:00 amRNSChange of Adviser
17th Feb 20097:00 amRNSOperations Update
30th Jan 20097:00 amRNSDirectorate Change
19th Dec 20082:50 pmRNSShare Option Grant
7th Nov 20083:41 pmRNSDirector Shareholding
7th Nov 20083:38 pmRNSChange of Nomad
9th Oct 20082:10 pmRNSChange of Adviser Name
2nd Oct 20087:00 amRNSEnvironmental Approval
22nd Sep 20087:00 amRNSInterim Results
8th Sep 20087:00 amRNSWell Test Result
27th Aug 20087:00 amRNSWell Test Result
8th Aug 20087:00 amRNSWell Test Result
6th Aug 200812:01 pmRNSNotifiable Interest
4th Aug 20087:00 amRNSWell Test Result
16th Jul 20089:44 amRNSShare Option Grant
2nd Jul 20084:35 pmRNSResult of AGM
2nd Jul 20087:00 amRNSAGM Update
1st Jul 200812:03 pmRNSNotifiable Interest

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