Holding(s) in Company

RNS Number : 9049Y
BPC Ltd
11 September 2009
 



11 September 2009

BPC Limited

('BPC' or 'the Company')


Holding(s) in Company


BPC, the oil and gas exploration company with licences in The Bahamas, announces that it has today been notified by RAB Capital plc, acting as discretionary manager of RAB Special Situations (Master) Fund Limited ('RAB'), that yesterday it sold 257,200,000 ordinary shares of 0.002 pence each in the capital of BPC ('Ordinary Shares'). As a result of this sale, RAB's holding in BPC now stands at 156,461,650 Ordinary Shares, representing 19.81% of the Company's share capital.


The Company has also been notified that Edgewater Estates Limited yesterday sold 15,000,000 Ordinary Shares. As a result, Edgewater Estates Limited's holding in BPC now stands at 39,694,500 representing 5.03% of the Company's share capital.


The Ordinary Shares sold by both RAB Special Situations and Edgewater Estates Limited have been placed with a range of institutional investors.


Alan Burns, Chairman of BPC, commented: 'The Board of BPC is delighted by this news which brings a number of well-known institutional investors on to BPC's shareholder register and significantly broadens our shareholder base. We believe that BPC has a great future ahead of it and that all of our shareholders will be justly rewarded. I would also like to thank RAB for its past and continuing support'.


Enquiries:


BPC Limited

Alan Burns, Chairman & CEO

Dr Paul Crevello, COO


+61 407 551 001

+1 720 771 7583

 

 

Ambrian Partners Limited (Nominated Adviser)

Richard Swindells


020 7634 4856

 

 

Novus Capital Markets Limited (Broker)

Charles Goodfellow


020 7107 1872

 

 

Financial Dynamics

Billy Clegg / Ed Westropp


020 7831 3113



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