19 Jul 2017 07:00
19 July 2017
Bahamas Petroleum Company plc ("BPC" or the "Company")
Disclosure re Directors Participation in Placing
Further to the announcement by BPC on 16 June 2017 regarding the Directors of the Company subscribing for 13,275,000 new ordinary shares of 0.002p each in the Company ("Ordinary Shares") at a price of 1p per new Ordinary Share, please see below the corresponding disclosure forms, which have today been submitted online to the FCA in relation to these transactions.
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| 1. William Schrader 2. Simon Potter 3. James Smith 4. Adrian Collins 5. Edward Shallcross 6. Ross McDonald
| ||||
2
| Reason for the notification: Increase in shareholding by Directors of the Company, all PDMRs. | |||||
a) | Position/status | 1. Non-Executive Chairman 2. Chief Executive Officer 3. Non-Executive Deputy Chairman 4. Non-Executive Director 5. Non-Executive Director 6. Non-Executive Director
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Bahamas Petroleum Company plc | ||||
b)
| LEI
| 2138007v1wvfq52dls75 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.002p each | ||||
Identification code | IM00B3NTV894 | |||||
b)
| Nature of the transaction | Purchase of ordinary shares | ||||
c)
| Price(s) and volume(s) | Director Name | Price | Number of shares |
| |
| 1. William Schrader 2. Simon Potter 3. James Smith 4. Adrian Collins 5. Edward Shallcross 6. Ross McDonald
| 1p 1p 1p 1p 1p 1p
| 2,825,000 2,000,000 1,850,000 2,000,000 2,750,000 1,850,000 |
| ||
d)
| Aggregated information |
N/A | ||||
e)
| Date of the transactions
| Director Name | Date of Transaction | |||
1. William Schrader 2. Simon Potter 3. James Smith 4. Adrian Collins 5. Edward Shallcross 6. Ross McDonald
| 1. 19 July 2017 2. 19 July 2017 3. 19 July 2017 4. 19 July 2017 5. 19 July 2017 6. 19 July 2017
| |||||
f)
| Place of the transaction | London Stock Exchange, AIM Market | ||||
Ends
For further information, please contact:
Bahamas Petroleum Company plc Simon Potter, Chief Executive Officer
| Tel: +44 (0) 1624 647 882 |
Strand Hanson Limited - Nomad Rory Murphy / James Spinney
| Tel: +44 (0) 20 7409 3494 |
Shore Capital Stockbrokers Limited - Broker Jerry Keen / Toby Gibbs | Tel: +44 (0) 207 408 4090 |
CAMARCO Billy Clegg / James Crothers | Tel: +44 (0) 20 3757 4983 |
Notes to editors:
Bahamas Petroleum Company is an oil and gas exploration company with 100% owned offshore licences exclusively focused on the Commonwealth of The Bahamas. The Company has significant prospective resources, which have been de-risked through both extensive 2D and 3D seismic. The four Southern Licences, with a newly agreed well obligation date of April 2017, run until 2Q 2018 when the licences may be renewed a further two times. The Company is intent on delivering safe and environmentally responsible exploration.
www.bpcplc.com