20 Jan 2011 17:04
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
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Tel: +44 (0)1624 64 1199
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Strand Hanson Limited Rory Murphy / Liam Buswell
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Tel: +44 (0) 20 7409 3494 |
Novus Capital Markets Ltd Peter Jackson
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Tel: +44 (0) 20 7107 1881 |
FirstEnergy Capital LLP Hugh Sanderson / Derek Smith
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Tel: +44 (0) 20 7448 0200 |
Financial Dynamics Billy Clegg / Ed Westropp |
Tel: +44 (0) 20 7831 3113 |