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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Global Energy | LSE:GED | London | Ordinary Share | GB0031461949 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGED
RNS Number : 3409W
Global Energy Development PLC
08 February 2017
Immediate Release 8 February 2017
GLOBAL ENERGY DEVELOPMENT PLC
(the "Company" or "Global")
RESULT OF GENERAL MEETING
Global Energy Development PLC (AIM: GED), is pleased to announce that the Resolution put to Shareholders at the General Meeting of the Company, held earlier today, was duly passed. The Resolution was required to approve the acquisition of 11 offshore subsea service vessels and a barge vessel and the change of company name to Nautilus Marine Services PLC all of which are conditional on Admission.
As shareholder approval has now been received, as required under Rule 14 of the AIM Rules, the admission of the Company's Ordinary Shares to trading on AIM will be cancelled (immediately prior to Admission) and the re-admission of the Company's Ordinary Shares to trading on AIM and dealings in such Ordinary Shares will take place at 8.00 a.m. on 9 February 2017 ("Admission").
The Company's change of name has now been registered at Companies House and the change is effective on Admission. In addition, the Company's TIDM ('GED') will be changed to 'NAUT' and the Company's website, at which all information required pursuant to Rule 26 of the AIM Rules for Companies can be found, changed to www.nautilusmarineplc.com, both of which are also effective on Admission.
Following Admission, the total number of Ordinary Shares in issue will be 36,112,187. There are no shares held in treasury. Accordingly, the total number of voting rights in the Company on Admission will be 36,112,187. This figure may be used by Shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
After Admission, significant shareholders in the Company and Directors' shareholdings will be as follows:
Number % HKN Inc. and Parties in Concert 22,567,016 62.49% Barclays Wealth Mgmt (UK) 1,246,359 3.45% Hargreaves Landsdown Asst Mgmt 1,220,926 3.38% TD Direct Investing 1,031,923 2.86% Thelese (Mr & Mrs D Worley) 1,090,542 3.02%
Directors' beneficial shareholdings:
Number % Mikel Faulkner 370,000 1.02% Alan Henderson 14,291 0.04% Zac Phillips 15,241 0.04% David Quint 135,000 0.37%
Enquiries:
Global Energy Development PLC
Anna Williams, Director of +1 817 424 2424, Strategy and Business Development ext 110 awilliams@globalenergyplc.com www.globalenergyplc.com finnCap LtdChristopher 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
ROMSSUFSAFWSEFE
(END) Dow Jones Newswires
February 08, 2017 05:22 ET (10:22 GMT)
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