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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pan European Terminals | LSE:PAN | London | Ordinary Share | GB00B12V3082 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7347M Baltic Oil Terminals Plc 27 November 2006 27th November 2006 Baltic Oil Terminals PLC ("the Company") EGM Statement Baltic Oil Terminals PLC, the owner and operator of oil transhipment terminals in Kaliningrad and exploration assets in the Kurgan region of Western Siberia is pleased to announce that the resolutions proposed at the Company's EGM held earlier today relating to the placing of new ordinary shares were duly passed by shareholders. A total of 4.2 million new ordinary shares of 1 pence each have been placed with institutional and other investors on behalf of the Company by Arden Partners plc at a price of 200p per share, which represents a premium of 1 per cent. to the mid-market closing price of the Company's ordinary shares on 2 November, being the last dealing day before the date of the proposed placing announcement. Total funds raised for the Company from the placing are #8.4 million, before expenses. Dealings in the new ordinary shares are expected to commence at 8am on Tuesday, 28 November. Following admission of the new ordinary shares to trading on the AIM market, the Company will have 47,647,821 ordinary shares in issue. Simon Escott, CEO of Baltic Oil Terminals PLC, said, "Following encouraging 2D seismic data, which matched our geochemical results and showed two robust drilling prospects in the northern section of our Privolny licence block, we now have the funds to drill. To date, we have done all we can to add value and de-risk the acreage at Privolny, with drilling now being the most logical option to add further value for our shareholders. We look forward to the results of the first well, which are expected to be announced in Spring 2007. "Meanwhile at Kaliningrad, we are now about to receive gasoline and gasoil for transhipment and have contracted revenues going into next year." Ends Enquiries Baltic Oil Terminals PLC Simon Escott 020 7667 6371 Robert Wilde 01908 547 920 Arden Partners plc 020 7398 1638 Chris Fielding Tom Fyson Financial Dynamics 020 7831 3113 Billy Clegg Ed Westropp This information is provided by RNS The company news service from the London Stock Exchange END REGFEWFSWSMSEEF
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