24th May 2005 17:30
Global Energy Development PLC24 May 2005 Immediate Release 24 May 2005 GLOBAL ENERGY DEVELOPMENT PLC EXERCISE OF OPTIONS AND WARRANTS Global Energy Development PLC ("Global" or the "Company"), the Latin Americafocused petroleum exploration and production company (LSE-AIM: "GED"), announcesthat following receipt of notices to exercise options and warrants at anexercise price of 50p and 60p respectively from six of the Company'sshareholders, with the latest notice received on 11 May 2005, the Company hasallotted and issued credited as fully paid 315,015 new ordinary shares in theCompany (the "New Shares"). Application has been made for the New Shares to beadmitted to trading on AIM and admission is expected to occur on 31 May 2005. Following admission, the issued share capital of the Company will be 28,465,948Ordinary Shares. For further information: Global Energy Development PLCCatherine Miles, director of Investor Relations +44 (0) 20 7808 5550www.globalenergyplc.com +44 (0) 7909918034 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NAUT.L