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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Challenger Energy Group Plc | LSE:CEG | London | Ordinary Share | IM00BN2RD444 | ORD 0.02P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0025 | -1.64% | 0.15 | 0.145 | 0.155 | 0.155 | 0.15 | 0.155 | 23,034,822 | 11:12:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 13.8M | 4.38M | 0.0004 | 3.75 | 15.59M |
From May 2019 to May 2024
TIDMBPC
RNS Number : 0416U
Bahamas Petroleum Company PLC
24 July 2020
24 July 2020
Bahamas Petroleum Company plc
("BPC", "Bahamas Petroleum" or the "Company")
Result of AGM
Bahamas Petroleum, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, is pleased to announce that at the Company's Annual General Meeting held earlier today, all resolutions were passed with the exception of Resolution 3.
Resolution 3 had proposed the expansion of the Company's available pool of employee options for future allocation at the discretion of the Board. Those employee options had been proposed with performance hurdles linked to delivery of value-creating business objectives, an exercise price in excess of the current share price, and a resultant aggregate employee share pool of less than 8.5% of the Company's fully diluted share capital. In the Board's view, this thus constituted an entirely normal employee option proposal, designed to align the interests of employees with shareholders, and comparable to arrangements in place at many similar companies. It is for this reason that the Board had unanimously recommended Resolution 3 to shareholders. Acknowledging the lack of shareholder support for this resolution at this time, the Company will seek to develop alternative incentivisation strategies, so as assist in ongoing processes to recruit, incentivise and retain high-quality employees.
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 Rory Murphy / James Spinney / Jack Botros 7409 3494 Shore Capital Stockbrokers Limited Tel: +44 (0) 207 Jerry Keen / Toby Gibbs 408 4090 CAMARCO Billy Clegg / James Crothers / Hugo Liddy
ENDS
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
RAGFLFFIDEISFII
(END) Dow Jones Newswires
July 24, 2020 06:28 ET (10:28 GMT)
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