Directors Dealing

RNS Number : 0873Q

Bahamas Petroleum Company PLC

12 October 2011

 



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: [phone]
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell	Tel: [phone]
Financial Dynamics Billy Clegg / Ed Westropp / Alex Beagley	Tel: [phone]
Canaccord Genuity Limited - Joint broker Charles Berkeley / Henry Fitzgerald-O'Connor	Tel: [phone]
FirstEnergy Capital LLP - Joint broker Hugh Sanderson / Derek Smith	Tel: [phone]
Novus Capital Markets Ltd - Joint broker Nicholas Lee	Tel: [phone]

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.

 

END

 

 

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