24th Jun 2005 16:09
Global Energy Development PLC24 June 2005 Immediate Release 24 June 2005 GLOBAL ENERGY DEVELOPMENT PLC Exercise of Warrants Global Energy Development PLC ("Global" or the "Company") announces thatfollowing receipt of notices to exercise warrants at an exercise price of 60pfrom three shareholders of the Company including Stephen Voss, a Director of theCompany, and Andean Corporation, a US private company owned by Stephen Voss,Mikel Faulkner and other members of Global's management, with Mikel Faulkneralso being a Company Director, with the latest notice received on 17 June 2005,the Company has allotted and issued credited as fully paid 11,618 new ordinaryshares in the Company (the "New Shares"). Application has been made for the NewShares to be admitted to trading on AIM and admission is expected to occur on 30June 2005. Following admission, the issued share capital of the Company will be 34,965,047ordinary shares. Following today's announcement there are 165,383 warrants outstanding in respectto the Company's ordinary shares with an expiry date of 8 August 2005 and an exercise price of 60p, these being held by minority shareholders. For further information: Global Energy Development PLCCatherine Miles, Director of Investor Relations +44 (0) 20 7763 7177www.globalenergyplc.com +44 (0) 7909918034-------------------------- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NAUT.L