Director/PDMR Shareholding

RNS Number : 8448Z

Bahamas Petroleum Company PLC

20 January 2011

 



20 January 2011

Bahamas Petroleum Company PLC

("Bahamas Petroleum" or the "Company")

Director's Dealing

The Company has been informed that Alan Burns, Non-Executive Chairman of the Company, today disposed of 3,885,011 ordinary shares of 0.002 pence each in the Company ("Ordinary Shares") (the "Disposal"), at a weighted average price of 16.37 pence per Ordinary Share.

Following the Disposal, Mr Burns is now interested in 26,164,989 Ordinary Shares, representing 2.65 per cent. of the Company's issued share capital.

Alan Burns, Chairman, said:

"As with my disposal announced on 14 January 2011, this sale of ordinary shares has been made in light of my personal circumstances.  It is my intention to maintain my investment in the Company at its current level, as a long term strategic investment."

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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