Director's Dealing

RNS Number : 2325E

Bahamas Petroleum Company PLC

04 April 2011

 



4 April 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, disposed of 5,000,000 ordinary shares of 0.002 pence each in the Company ("Ordinary Shares") (the "Disposal"), at a weighted average price of 21.36 pence per Ordinary Share on 1 April 2011. The disposal is in order to satisfy ongoing medical expenses.

Following the Disposal, Mr Burns is now interested in 15,164,989 Ordinary Shares, representing 1.38 per cent. of the Company's issued share capital.

Ends

For further information contact:

Bahamas Petroleum Company PLC Dr Paul Crevello, Chief Executive Officer	Tel: [phone]
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell	Tel: [phone]
Financial Dynamics Billy Clegg / Ed Westropp / Alex Beagley	Tel: [phone]
Canaccord Genuity Limited - Joint broker Charles Berkeley / Henry Fitzgerald-O'Connor	Tel: [phone]
FirstEnergy Capital LLP - Joint broker Hugh Sanderson / Derek Smith	Tel: [phone]
Novus Capital Markets Ltd - Joint broker Nicholas Lee	Tel: [phone]

 

END

 

 

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