12 Mar 2010 12:15
12 March 2010
BPC Ltd
("BPC" or the "Company")
Holding in Company
BPC, the oil and gas exploration company with licences in The Bahamas, announces that it has today received notification from RAB Capital plc, acting as discretionary manager of RAB Special Situations (Master) Fund Limited ('RAB'), that, on 25 September 2009, RAB disposed of 28,000,000 ordinary shares of 0.002 pence each in the capital of BPC ('Ordinary Shares'), representing approximately 3.55 per cent. of the Company's issued ordinary share capital (the "Issued Ordinary Share Capital").
Following the disposal, RAB is now interested in 128,461,650 Ordinary Shares, representing 16.27 per cent. of the Company's entire Issued Ordinary Share Capital and 14.95 per cent. of the enlarged Issued Ordinary Share Capital following the admission to trading on AIM of 69,842,860 new ordinary shares, expected to take place on 16 March 2010, as per the Company's announcement of 11 March 2010.
For further information contact:
| BPC Limited Alan Burns, Chairman and CEO Dr Paul Crevello, Chief Operating Officer
|
Tel: 44 (0) 1624 64 1199 Tel: +1 720 771 7583 |
| Strand Hanson Limited Rory Murphy / Liam Buswell
|
Tel: +44 (0)20 7409 3494 |
| Novus Capital Markets Ltd Charles Goodfellow / Paul Dudley
|
Tel: +44 (0)20 7107 1872 |
| FirstEnergy Capital LLP Richard Hail / Derek Smith
|
Tel: +44 (0)20 7448 0200 |
| Financial Dynamics Billy Clegg / Ed Westropp |
Tel: +44( 0)20 7831 3113 |