Disclosure re Directors Participation in Placing

RNS Number : 4403L

Bahamas Petroleum Company PLC

19 July 2017

 

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: [phone]
Strand Hanson Limited - Nomad Rory Murphy / James Spinney	Tel: [phone]
Shore Capital Stockbrokers Limited - Broker Jerry Keen / Toby Gibbs	Tel: [phone]
CAMARCO Billy Clegg / James Crothers	Tel: [phone]

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

 

 

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