4 Apr 2011 11:15
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
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Tel: +44 (0) 1624 641194 |
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell
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Tel: +44 (0) 20 7409 3494
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Financial Dynamics Billy Clegg / Ed Westropp / Alex Beagley |
Tel: +44 (0) 20 7831 3113
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Canaccord Genuity Limited - Joint broker Charles Berkeley / Henry Fitzgerald-O'Connor
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Tel: +44 (0) 20 7050 6500 |
FirstEnergy Capital LLP - Joint broker Hugh Sanderson / Derek Smith
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Tel: +44 (0) 20 7448 0200 |
Novus Capital Markets Ltd - Joint broker Nicholas Lee |
Tel: +44 (0) 20 7107 1894 |