Bahamas Petroleum Company PLC Disclosure re Directors Participation in Placing (4403L)
19 July 2017 - 4:00PM
UK Regulatory
TIDMBPC
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 Initial notification
/Amendment
---- ---------------------- -------------------------------------------------------------
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 Ordinary shares of 0.002p each
of the financial
instrument,
type of instrument
---- ---------------------- -------------------------------------------------------------
Identification IM00B3NTV894
code
---- ---------------------- -------------------------------------------------------------
b) Nature of Purchase of ordinary shares
the transaction
---- ---------------------- -------------------------------------------------------------
c) Price(s) Director Name Price Number
and volume(s) of shares
---- ---------------------- ----------------------------------- -------- ------------
1. William Schrader 1p 2,825,000
2. Simon Potter 1p 2,000,000
3. James Smith 1p 1,850,000
4. Adrian Collins 1p 2,000,000
5. Edward Shallcross 1p 2,750,000
6. Ross McDonald 1p 1,850,000
--------------------------------------------------------------- -------- ------------
d) Aggregated
information N/A
---- ---------------------- -------------------------------------------------------------
e) Date of the Director Name Date of Transaction
transactions
---- ---------------------- ----------------------------------- ------------------------
1. William Schrader 1. 19 July 2017
2. Simon Potter 2. 19 July 2017
3. James Smith 3. 19 July 2017
4. Adrian Collins 4. 19 July 2017
5. Edward Shallcross 5. 19 July 2017
6. Ross McDonald 6. 19 July 2017
--------------------------------------------------------------- ------------------------
f) Place of London Stock Exchange, AIM Market
the transaction
---- ---------------------- -------------------------------------------------------------
Ends
For further information, please contact:
Bahamas Petroleum Company plc Tel: +44 (0) 1624
Simon Potter, Chief Executive Officer 647 882
Strand Hanson Limited - Nomad Tel: +44 (0) 20 7409
Rory Murphy / James Spinney 3494
Shore Capital Stockbrokers Limited - Tel: +44 (0) 207 408
Broker 4090
Jerry Keen / Toby Gibbs
CAMARCO Tel: +44 (0) 20 3757
Billy Clegg / James Crothers 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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