Bahamas Petroleum Company PLC Disclosure re Directors Participation in Placing (4403L)

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: [phone] 
  Simon Potter, Chief Executive Officer    647 882 
 Strand Hanson Limited - Nomad            Tel: [phone] 
  Rory Murphy / James Spinney              3494 
 Shore Capital Stockbrokers Limited -     Tel: [phone] 
  Broker                                   4090 
  Jerry Keen / Toby Gibbs 
 CAMARCO                                  Tel: [phone] 
  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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July 19, 2017 02:00 ET (06:00 GMT)