Bahamas Petroleum Company PLC Issue of Equity and Total Voting Rights (2213V)

TIDMBPC

RNS Number : 2213V

Bahamas Petroleum Company PLC

20 July 2018

20 July 2018

Bahamas Petroleum Company plc

("BPC" or the "Company")

Issue of Equity

Total Voting Rights

Bahamas Petroleum Company plc, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas announces that following the exercise of warrants for new ordinary shares of 0.002 pence each ("Ordinary Shares") granted in conjunction with the Company's placing to raise GBP1.1 million in May 2018, application has been made for 2,640,000 new ordinary shares (the "New Ordinary Shares") to be admitted to trading on AIM on or around 25 July 2018. The New Ordinary Shares will, when issued, rank pari passu in all respects with the existing ordinary shares.

Upon issue of the New Ordinary Shares, the Company's issued share capital will consist of 1,572,719,096 ordinary shares of 0.002 pence each ("Ordinary Shares"), with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. The figure of 1,572,719,096 Ordinary Shares may be used by shareholders in the Company, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules ("DTRs").

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Ends

For further information, please contact:

 
 Bahamas Petroleum Company plc                  Tel: [phone] 
  Simon Potter, Chief Executive Officer          647 883 
 Strand Hanson Limited - Nomad                  Tel: +44 (0) 20 
  Rory Murphy / James Spinney                    7409 3494 
 Shore Capital Stockbrokers Limited             Tel: +44 (0) 207 
  Jerry Keen / Toby Gibbs / James Thomas         408 4090 
 CAMARCO                                        Tel: +44 (0) 20 
  Billy Clegg / Gordon Poole / James Crothers    3757 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 Company is intent on delivering safe and environmentally responsible exploration.

www.bpcplc.com

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July 20, 2018 02:00 ET (06:00 GMT)