Borders & Sth. Regulatory News (BOR)

10 Sep 2007 11:14

Borders & Southern Petroleum plc10 September 2007 For immediate release:10 September 2007 Borders & Southern Petroleum PLC ("Borders & Southern" or "the Company") Result of EGM and Placing shares Borders & Southern Petroleum PLC announces that at its Extraordinary GeneralMeeting, held this morning to approve resolutions relating to the placing of50,000,000 new ordinary shares ("the Placing Shares"), all resolutions were dulypassed. Application has been made for the Placing shares to be admitted to trading onAIM, with admission and completion of the placing expected to take place onTuesday 11 September 2007. Following admission, the total number of shares inissue will be 177,687,500. Borders & Southern further announces that a number of directors of the Companyhave subscribed for shares in the Placing at the placing price of 30 pence pershare. Details of these subscriptions are as follows: Number of Shares Total Shares Held % of the Issued Subscribed for Following the Share Capital Placing following the PlacingHarry Dobson 1,670,000 26,670,000 15.01%Stephen Posford 1,670,000 26,670,000 15.01%Nigel Hurst-Brown 330,000 1,330,000 0.75% The ordinary shares in which Harry Dobson is interested in are held by the ZilaCorporation, a company owned by the Whitmill Trust Company limited, as trusteeof The Lotus Trust of which he is a beneficiary. For further information, please call: Howard Obee, Chief Executive Clemmie Carr Christopher CaldwellBorders & Southern Petroleum plc Tavistock Insinger de Beaufort CommunicationsTel: 020 7661 9348 Tel: 020 7920 3150 Tel: 020 7190 7022 -Ends- This information is provided by RNS The company news service from the London Stock Exchange