Appointment of Alternate Director & Result of EGM

RNS Number : 8718Y

Bahamas Petroleum Company PLC

17 May 2021

 

17 May 2021

Bahamas Petroleum Company plc

("BPC" or the "Company")

Appointment of Alternate Director and Result of Extraordinary General Meeting

BPC, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and onshore and offshore exploration assets across the region, is pleased to announce that each of the resolutions proposed at the Extraordinary General Meeting of the Company ('EGM'), held earlier today, were passed. The full text of each resolution was included in the Notice of Extraordinary General Meeting of the Company, circulated to shareholders on 23 April 2021 and made available on the Company's website: https://www.bpcplc.com/.

Ahead of the EGM, BPC appointed Peter Cannell to the Board as Alternate Director to Non-Executive Chairman, Bill Schrader. The appointment was solely for the purpose of matters relating to the Company's EGM, that took place at 11:00 BST today, at the Company's registered office at IOMA House, Hope Street, Douglas, Isle of Man, IM1 1AP.  As such, Peter Cannell's appointment will now be terminated following the closing of the EGM. The other existing members of the Board were unable to attend the EGM as a result of travel restrictions and advice relating to the Coronavirus (COVID-19) pandemic.

Additional Information on Mr Peter Joughin Cannell (Aged 55)

Mr Peter Cannell is an Advocate and Chartered Governance Professional at Quinn Legal, which has acted as BPC's Legal Counsel in the Isle of Man for 3 years. Mr Cannell was admitted as an associate to the Chartered Governance Institute (formerly the Institute of Chartered Secretaries and Administrators) in 1992 and commissioned as an Isle of Man Advocate in 2013.

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies:

Current Directorships	Past Directorships (last five years)
Elim Foursquare Gospel Alliance	Quinstone Limited

Mr Cannell has no direct or indirect interest in the Company's issued share capital.

Other than the information contained within this announcement, there is no further information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules.

Regulatory Statement

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European (Withdrawal) Act 2018.

Capitalised terms in this announcement are as defined in the Circular posted on 24 April 2021 (unless otherwise defined). 

For further information, please contact:

Bahamas Petroleum Company plc Eytan Uliel, Chief Executive Officer designate	Tel: [phone]
Strand Hanson Limited - Nomad Rory Murphy / James Spinney / Rob Patrick	Tel: [phone]
Shore Capital Stockbrokers Limited - J oint  Broker Jerry Keen / Toby Gibbs	Tel: [phone]
Investec Bank Plc - J oint  Broker Chris Sim / Rahul Sharma	Tel: [phone]
Gneiss Energy - Financial Adviser Jon Fitzpatrick / Paul Weidman / Doug Rycroft	Tel: [phone]
CAMARCO Billy Clegg / James Crothers / Hugo Liddy	Tel: [phone]

Notes to Editors

BPC is a Caribbean and Atlantic margin focused oil and gas company, with a range of exploration, appraisal, development and production assets and licences, located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay. In Trinidad and Tobago, BPC has five (5) producing fields, two (2) appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. In Suriname, BPC has on onshore appraisal / development project. BPC's exploration licence in each of Uruguay and The Bahamas are highly prospective, and offer high-impact value exposure within the overall portfolio value.

BPC is listed on the AIM market of the London Stock Exchange.    www.bpcplc.com

ENDS

 

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