15th Sep 2005 16:42
Global Energy Development PLC15 September 2005 Immediate Release 15 September 2005 GLOBAL ENERGY DEVELOPMENT PLC Exercise of Warrants Holdings in Company Global Energy Development PLC ("Global" or the "Company") announces that it hasreceived notice from Harken Energy Corporation ("Harken"), a Delawarecorporation, that Lyford Investment Enterprises, Ltd ("Lyford") today exercisedwarrants to purchase 7,000,000 Global ordinary shares held by Harken. Thesewarrants have an expiry date of 7 October 2005 and an exercise price of 50p andtheir exercise does not enlarge the Company's issued share capital which iscurrently 35,130,430 ordinary shares. As a consequence of the exercise of warrants, Harken now holds 11,975,641ordinary shares, representing 34.09% of the Company's issued share capital, andLyford holds 7,000,000 ordinary shares, representing 19.93% of the Company'sissued share capital. There are no further warrants outstanding with respect toGlobal's ordinary shares. For further information: Global Energy Development PLCCatherine Miles, director of Investor +44 (0) 20 7763 7177Relations +44 (0) 7909918034www.globalenergyplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NAUT.L