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Great Eastern Energy (GEEC)

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Friday 12 June, 2020

Great Eastern Energy

Directors' Dealing

RNS Number : 8616P
Great Eastern Energy Corp Ltd
12 June 2020
 

Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement

 

12 June 2020

 

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

 

Directors' Dealing

 

Mr. Yogendra Kr. Modi, Executive Chairman, and Mr. Prashant Modi, Managing Director & CEO, purchased through YKM Holdings International Ltd., a total of 30,000 GDRs between 11 June 2020 and 12 June 2020 at a weighted average price of 14.52p each in the Company (1 GDR represents 0.5 underlying ordinary share of INR 10 each). Following this purchase, they have a beneficial interest of 63.89% in the Company.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

  1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Yogendra Kr. Modi and Prashant Modi

2

Reason for the notification

a)

Position/status

Executive Chairman, and  Managing Director & CEO, respectively

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Great Eastern Energy Corporation Limited

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

GDRs representing 0.5 underlying ordinary share of INR 10 each in Great Eastern Energy Corporation Limited

 

Identification code (ISIN) for Great Eastern Energy Corporation Limited ordinary shares: US39032T1060

 

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

  Price(s)

Volume(s)

5p

4,039

16p

25,961

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

30,000 GDRs

 

14.52p weighted average price

e)

Date of the transaction

11 June 2020 and 12 June 2020

f)

Place of the transaction

London Stock Exchange, Main Market

 

For further information please contact:





Great Eastern Energy Corporation Limited

www.geecl.com





Yogendra Kr. Modi

Executive Chairman

+44 (0) 20 3470 0470

Prashant Modi

Managing Director & CEO


Jonathan Keeling

VP - Investor Relations

+44 (0) 7717 559 522




SP Angel Corporate Finance LLP


+44 (0) 20 3470 0470




Rob Rees



Richard Hail






 


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