Director Dealings

RNS Number : 6056Z

Bahamas Petroleum Company PLC

17 January 2011

 



17 January 2011

Bahamas Petroleum Company PLC

("Bahamas Petroleum" or the "Company")

Director Dealings

The Company was informed on 15 January 2011 that, on 14 January 2011, Alan Burns, a director of the Company, disposed of 4,770,000 ordinary shares of 0.002 pence each in the Company ("Ordinary Shares") (the "Disposal").  The weighted average price obtained for the shares was 16.35 pence per Ordinary Share.

Following the Disposal, Mr Burns is now interested in 30,050,000 Ordinary Shares representing 3.04 per cent. of the Company's issued share capital.

Alan Burns, Chairman, said:

"The Disposal of shares was made in order to fund the extra support I need personally following my learning of a medical condition which will require surgery and a period of rehabilitation.  I wish to confirm that this does not reflect on my view of the Company, in which I am personally enthused."

Ends

Enquiries:

Bahamas Petroleum Company PLC Alan Burns, Chairman Dr Paul Crevello, CEO	Tel: [phone]
Strand Hanson Limited Rory Murphy / Liam Buswell	Tel: [phone]
Novus Capital Markets Ltd Peter Jackson	Tel: [phone]
FirstEnergy Capital LLP Hugh Sanderson / Derek Smith	Tel: [phone]
Financial Dynamics Billy Clegg / Ed Westropp	Tel: [phone]

 

END

 

 

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