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Global Energy Dev. (NAUT)

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Wednesday 08 February, 2017

Global Energy Dev.

Result of General Meeting

RNS Number : 3409W
Global Energy Development PLC
08 February 2017
 

 

Immediate Release                                                                                         8 February 2017                                                                                        

GLOBAL ENERGY DEVELOPMENT PLC

(the "Company" or "Global")

 

RESULT OF GENERAL MEETING

 

Global Energy Development PLC (AIM: GED), is pleased to announce that the Resolution put to Shareholders at the General Meeting of the Company, held earlier today, was duly passed. The Resolution was required to approve the acquisition of 11 offshore subsea service vessels and a barge vessel and the change of company name to Nautilus Marine Services PLC all of which are conditional on Admission.

 

As shareholder approval has now been received, as required under Rule 14 of the AIM Rules, the admission of the Company's Ordinary Shares to trading on AIM will be cancelled (immediately prior to Admission) and the re-admission of the Company's Ordinary Shares to trading on AIM and dealings in such Ordinary Shares will take place at 8.00 a.m. on 9 February 2017 ("Admission").

 

The Company's change of name has now been registered at Companies House and the change is effective on Admission. In addition, the Company's TIDM ('GED') will be changed to 'NAUT' and the Company's website, at which all information required pursuant to Rule 26 of the AIM Rules for Companies can be found, changed to www.nautilusmarineplc.com, both of which are also effective on Admission.

 

Following Admission, the total number of Ordinary Shares in issue will be 36,112,187. There are no shares held in treasury. Accordingly, the total number of voting rights in the Company on Admission will be 36,112,187. This figure may be used by Shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

After Admission, significant shareholders in the Company and Directors' shareholdings will be as follows:


Number

%

HKN Inc. and Parties in Concert

22,567,016

62.49%

Barclays Wealth Mgmt (UK)

1,246,359

3.45%

Hargreaves Landsdown Asst Mgmt

1,220,926

3.38%

TD Direct Investing

1,031,923

2.86%

Thelese (Mr & Mrs D Worley)

1,090,542

3.02%




Directors' beneficial shareholdings:

 


Number

%

Mikel Faulkner

370,000

1.02%

Alan Henderson

14,291

0.04%

Zac Phillips

15,241

0.04%

David Quint

135,000

0.37%







Enquiries:

 

Global Energy Development PLC

Anna Williams, Director of Strategy and Business Development

  +1 817 424 2424, ext 110

[email protected]

www.globalenergyplc.com


 

finnCap Ltd

Christopher Raggett/Scott Mathieson/Kate Bannatyne (Corporate Finance)

0207 220 0500

Emily Morris (Corporate Broking)




Abchurch

Tim Thompson/Rebecca Clube

0207 398 7700

[email protected] 


 

 

Capitalised terms shall have the same meaning as in the Admission Document posted to shareholders on 16 January 2017 unless the context requires otherwise.

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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