Holding(s) in Company
September 11 2009 - 3:40AM
UK Regulatory
TIDMBPC TIDMRAB
RNS Number : 9049Y
BPC Ltd
11 September 2009
11 September 2009
BPC Limited
("BPC" or "the Company")
Holding(s) in Company
BPC, the oil and gas exploration company with licences in The Bahamas, announces
that it has today been notified by RAB Capital plc, acting as discretionary
manager of RAB Special Situations (Master) Fund Limited ("RAB"), that yesterday
it sold 257,200,000 ordinary shares of 0.002 pence each in the capital of BPC
("Ordinary Shares"). As a result of this sale, RAB's holding in BPC now stands
at 156,461,650 Ordinary Shares, representing 19.81% of the Company's share
capital.
The Company has also been notified that Edgewater Estates Limited yesterday sold
15,000,000 Ordinary Shares. As a result, Edgewater Estates Limited's holding in
BPC now stands at 39,694,500 representing 5.03% of the Company's share capital.
The Ordinary Shares sold by both RAB Special Situations and Edgewater Estates
Limited have been placed with a range of institutional investors.
Alan Burns, Chairman of BPC, commented: "The Board of BPC is delighted by this
news which brings a number of well-known institutional investors on to BPC's
shareholder register and significantly broadens our shareholder base. We believe
that BPC has a great future ahead of it and that all of our shareholders will be
justly rewarded. I would also like to thank RAB for its past and continuing
support".
Enquiries:
+----------------------------------------------+--------------------------+
| BPC Limited | +61 407 551 001 |
| Alan Burns, Chairman & CEO | +1 720 771 7583 |
| Dr Paul Crevello, COO | |
+----------------------------------------------+--------------------------+
| | |
+----------------------------------------------+--------------------------+
| Ambrian Partners Limited (Nominated Adviser) | 020 7634 4856 |
| Richard Swindells | |
+----------------------------------------------+--------------------------+
| | |
+----------------------------------------------+--------------------------+
| Novus Capital Markets Limited (Broker) | 020 7107 1872 |
| Charles Goodfellow | |
+----------------------------------------------+--------------------------+
| | |
+----------------------------------------------+--------------------------+
| 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
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