Exercise of Options

RNS Number : 9561V
Bahamas Petroleum Company PLC
10 November 2010
 



 

 

10 November 2010

 

 

Bahamas Petroleum Company plc

("BPC" or the "Company")

 

Exercise of options

 

BPC, the oil and gas exploration company with licences in The Bahamas, today announces the exercise by Ambrian Partners Limited ("Ambrian") of 2,500,000 options into new ordinary shares of 0.002p each ("Ordinary Shares") in BPC (the "New Ordinary Shares") at an exercise price of 4.55p per share.

 

Application has been made for the New Ordinary Shares to be admitted to trading on AIM, which is anticipated to occur on 16 November 2010.

 

Following this transaction, Ambrian will retain option over a further 2,896,398 Ordinary Shares at an exercise price of 4.55p per share until 2 September 2011.

 

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue following admission of the New Ordinary Shares to trading on AIM will be 984,482,698, each carrying the right to one vote.

 

The above figure of 984,482,698 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, BPC under the FSA's Disclosure and Transparency Rules.

 

 

 

Enquiries:

 

BPC Limited

Alan Burns, Chairman and CEO

Dr Paul Crevello, Chief Operating Officer 

 

 

Tel: +44 (0) 1624 64 1199

 

Strand Hanson Limited

Rory Murphy / Liam Buswell

 

 

Tel: +44 (0) 20 7409 3494

Novus Capital Markets Ltd

Charles Goodfellow / Paul Dudley

 

 

Tel: +44 (0) 20 7107 1872

FirstEnergy Capital LLP

Hugh Sanderson / Derek Smith

 

 

Tel: +44 (0) 20 7448 0200

Financial Dynamics

Billy Clegg / Ed Westropp

 

Tel: +44 (0) 20 7831 3113

 

 


 


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