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	[phone] [phone]
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

 

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