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) |
| ||||||
| 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 | | |||
| | | | ||
| 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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