4th Jun 2008 15:00
|
For Immediate Release |
4 June 2008 |
Global Energy Development PLC
(the "Company")
Notifiable Interest
A Form TR-1 containing the following information has been received by the Company.
TR-1: Notification of Major Interests in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Global Energy Development PLC
2. Reason for the notification:
An acquisition or disposal of voting rights
3. Full name of person(s) subject to the notification obligation:
FIL Limited (FIL)
4. Full name of shareholder(s) (if different from 3):
|
Shares Held |
Nominee |
Management Company |
|
446,284 |
JP Morgan, Bournemouth |
Fidelity Investments International |
|
3,430,439 |
JP Morgan, Bournemouth |
Fidelity Investment Services Ltd |
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
30 May 2008
6. Date on which issuer notified:
3 June 2008
7. Threshold(s) that is/are crossed or reached:
11%
8. Notified details:
A: Voting rights attached to shares
|
Class/type of shares If possible using ISIN CODE |
Situation previous to the Triggering transaction |
Resulting situation after the triggering transaction |
|||||
|
Number of Shares |
Number of Voting Rights |
Number of shares |
Number of voting rights |
% of voting rights |
|||
|
Direct |
Direct |
Indirect |
Direct |
Indirect |
|||
|
1p Ordinary Shares GB0031461949 |
3,936,723 |
3,936,723 |
3,876,723 |
3,876,723 |
10.97% |
||
B: Financial Instruments
|
Resulting situation after the triggering transaction |
||||
|
Type of financial instrument |
Expiration date |
Exercise/ Conversion Period/ Date |
Number of voting rights that may be acquired if the instrument is exercised/ converted |
% of voting rights |
Total (A+B)
|
Number of voting rights |
% of voting rights |
|
3,876,723 |
10.97% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
FIL Limited (FIL) is the parent holding company for various direct and indirect subsidiaries, including Fidelity Fund Management Limited (FFML), Fidelity Investment Services Ltd (FISL), Fidelity Gestion (FIGEST), Fidelity Investments Advisory (Korea) Limited (FIAKL), Fidelity Investments Management (Hong Kong) Limited (FIMHK), Fidelity Pension Management (FPM), Fidelity Investments Japan (FIJ) and Fidelity Investments International (FII), investment managers for various non-US investment companies and institutional clients.
10. Name of the proxy holder:
FIL Limited (FIL)
11. Number of voting rights proxy holder will cease to hold:
60,000 shares
12. Date on which proxy holder will cease to hold voting rights:
30 May 2008
13. Additional information:
-
14. Contact name:
David Merryweather
15. Contact:
Related Shares:
NAUT.L