12 Oct 2011 17:45
12 October 2011
Bahamas Petroleum Company plc
("Bahamas Petroleum" or the "Company")
Directors Dealing
The Company was informed on 10 October 2011 that, on 10 October 2011, Dursley Stott, a non executive director of Bahamas Petroleum, acquired 35,000 ordinary shares in the company ("Ordinary Shares") at a price of 8.24 pence each (the "Acquisition").
Following the Acquisition, Mr. Stott is now interested in 350,000 Ordinary Shares, representing 0.03 per cent. of the Company's issued share capital. In addition, Mr. Stott is interested in 1,500,000 options over Ordinary Shares, as previously disclosed
Further to the announcement of 3 October 2011 detailing the appointment of Adrian Collins to the board of directors and to the position of Non-Executive Chairman of Bahamas Petroleum, the Company announces a full listing pursuant to Schedule 2 paragraph (g) to the AIM Rules for Companies, included below.
**ENDS**
For further information contact:
Bahamas Petroleum Company plc Adrian Collins |
Tel: +44 (0) 1624 641194 |
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell
|
Tel: +44 (0) 20 7409 3494
|
Financial Dynamics Billy Clegg / Ed Westropp / Alex Beagley |
Tel: +44 (0) 20 7831 3113
|
Canaccord Genuity Limited - Joint broker Charles Berkeley / Henry Fitzgerald-O'Connor
|
Tel: +44 (0) 20 7050 6500 |
FirstEnergy Capital LLP - Joint broker Hugh Sanderson / Derek Smith
|
Tel: +44 (0) 20 7448 0200 |
Novus Capital Markets Ltd - Joint broker Nicholas Lee |
Tel: +44 (0) 20 7107 1894 |
Adrian Collins (aged 57)
Current Directorships
City Natural Resources High Yield Trust Plc
Colombo Commercial Co. (Produce) Ltd
DouglasBay Capital Plc
Fincorp International Ltd
Liontrust Asset Management Plc
LTC Holdings Plc
Mentum Inc
New City High Yield Fund Ltd
The Sri Lanka Fund Ltd
Tri-Star Resources Plc
Past Directorships (last 5 years)
Bestinvest (Brokers) Ltd
Bluewater Bio International
Campden Partners Ltd
Corvus Capital Inc
Deutsche Land Plc
H.I.M. Capital Holdings Ltd
Hiscox Investment Management Ltd
Midas Capital Plc
Midas Capital Partners Ltd
New City High Yield Trust Plc
Nuwara Eliya (Holdings) Ltd
Nuwara Eliya Tea Estates Co. Ltd
Raven Russia Ltd
Strand Partners Ltd
Smash & Grab Glass Recycling Ltd
Windsor Plc
The following companies, of which Mr. Collins was a director, either at the time, or within 12 months, entered receivership:
Geared Income Investment Trust PLC (April 2003)
Colorvision PLC (July 1996)
Marillion PLC (December 1991)
Murray Meat Markets LDT. (April 1992)
Mr. Collins was also a director of Corvus Capital Inc which went into members' voluntary solvent liquidation in December 2008 and New City High Yield Trust plc which was put into members' voluntary solvent winding up in March 2007.
There is nothing to be announced pursuant to paragraph 2 (g) (iii) - (viii) of Schedule 2 of the AIM Rules.