Director/PDMR Shareholding
September 22 2009 - 12:00PM
UK Regulatory
TIDMBPC
RNS Number : 4850Z
BPC Ltd
22 September 2009
22 September 2009
BPC Ltd
("BPC" or the "Company")
Director's shareholding
BPC, the oil and gas exploration company with licences in The Bahamas, announces
that it has today been notified by Alan Burns, Chairman and Chief Executive
Officer of the Company, that he has re-located to the Isle of Man, allowing him
to better manage the Company in a time zone that is more suited to the Company's
activities than that of Australia.
As a consequence of Mr Burns no longer being an Australian resident, his
personal Australian superannuation fund, holding 44,820,000 of BPC ordinary
shares, will be transferred at nil cost to Alan Burns. This holding represents
5.68 per cent. of BPC's issued ordinary share capital.
Mr Burns has confirmed that he has no current intention of selling his holding
or portion thereof and that he will comply with the terms of the lock-in
agreement entered into by the Fund as summarised at clause 8.3.5 of Part X of
BPC's admission document dated 8 August 2008.
Mr Burns, Chairman and Chief Executive Officer, commented:
"Now that the Company is maturing and has a new spread of UK based institutional
and private shareholders, I am pleased to be available in the same time zone and
to be in a time zone more suitable for Bahamas matters as the project advances".
For further information contact:
+--------------------------------------+---------------------------------------------------+
| BPC Limited | Tel. +44 (0) 62 464 1199 |
| Alan Burns, Chairman and CEO | +1 720 771 7583 |
| Dr Paul Crevello, Chief Operating | |
| Officer | |
| | |
+--------------------------------------+---------------------------------------------------+
| Strand Partners Limited | Tel: +44 207409 3494 |
| Rory Murphy / Liam Buswell | |
| | |
+--------------------------------------+---------------------------------------------------+
| Novus Capital Markets Ltd | Tel: +44 (0)20 7107 1892 |
| David Rae | |
| | |
+--------------------------------------+---------------------------------------------------+
| Financial Dynamics | Tel: +44 20 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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