Issue of Equity

RNS Number : 6038P

Bahamas Petroleum Company PLC

30 May 2018

 

30 May 2018

Bahamas Petroleum Company plc

("BPC" or the "Company")

Issue of Equity

Total Voting Rights

Bahamas Petroleum Company plc, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas announces that following the exercise of warrants for new ordinary shares of 0.002 pence each ("Ordinary Shares") granted in conjunction with the Company's placing to raise US$3.25 million in June 2017, application has been made for 15,600,000 new ordinary shares (the "New Ordinary Shares") to be admitted to trading on AIM on or around 5 June 2018. The New Ordinary Shares will, when issued, rank pari passu in all respects with the existing ordinary shares.

Upon issue of the New Ordinary Shares, the Company's issued share capital will consist of 1,570,079,096 ordinary shares of 0.002 pence each ("Ordinary Shares"), with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury.  The figure of 1,570,079,096 Ordinary Shares may be used by shareholders in the Company, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules ("DTRs").

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Ends

For further information, please contact:

Bahamas Petroleum Company plc Simon Potter, Chief Executive Officer	Tel: [phone]
Strand Hanson Limited - Nomad Rory Murphy / James Spinney	Tel: [phone]
Shore Capital Stockbrokers Limited Jerry Keen / Toby Gibbs / James Thomas	Tel: [phone]
CAMARCO Billy Clegg / Gordon Poole / James Crothers	Tel: [phone]

Notes to editors:

Bahamas Petroleum Company is an oil and gas exploration company with 100% owned offshore licences exclusively focused on The Commonwealth of The Bahamas. The Company has significant prospective resources, which have been de-risked through both extensive 2D and 3D seismic. The Company is intent on delivering safe and environmentally responsible exploration.

www.bpcplc.com

 

END

 

 

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