GME Global Marine

RNS Number:7683H
Global Marine Energy PLC
15 November 2007



Global Marine Energy PLC
15 November 2007


                            Global Marine Energy plc

                               Issue of Equity


Global Marine Energy plc ('GME'), the oilfield services business, announces that
it has issued a total of 781,250 new ordinary shares of 2.5p, at 17.6p per
share, to Rotrex Group Limited ('Rotrex').

These shares have been issued to Rotrex, formerly called LGH Group Limited
('LGH') pursuant to a conversion notice served to GME in connection with a
convertible loan note agreement entered into between LGH and GME on 6 February
2004.

Application has been made for the admission of the new ordinary shares to
trading on AIM and dealings are expected to commence in the new ordinary shares
on 20 November 2007.

Following the proposed admission, the total number of GME ordinary shares of
2.5p in issue will increase to 73,074,952. There are no shares held in treasury
and so the total number of voting rights in the Company will therefore be
73,074,952.





For further information:

Global Marine Energy Plc                           Tel: 01274 531 862
Brent Fitzpatrick, Non Executive Chairman


Noble & Company Limited                            Tel: 020 7763 2200
Matthew Hall


Bankside Consultants                                Tel: 020 7367 8888
Michael Padley / Susan Scott





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