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Exercise of Warrants

16th May 2025 16:19

RNS Number : 0794J
Borders & Southern Petroleum plc
16 May 2025
 

 

 

16 May 2025

 

Borders & Southern Petroleum plc

("Borders & Southern" or the "Company")

 

Exercise of Warrants

 

Borders & Southern Petroleum plc (AIM: BOR), the London based independent oil and gas exploration company with appraisal and exploration assets offshore the Falkland Islands, announces that it has received notification from a warrant holder to exercise warrants over 500,000 new ordinary shares of 1 pence each in the capital of the Company ("Warrant Shares") at the exercise price of 1.5 pence per Warrant Share, for an aggregate cash value of £7,500.

 

Application has been made for admission of the Warrant Shares to trading on AIM ("Admission") and it is expected that Admission will occur on or around 22 May 2025. The Warrant Shares will rank pari passu with the existing Ordinary Shares of 1 pence each in the capital of the Company.

 

Total Voting Rights

 

Following Admission, the total issued share capital of the Company will consist of 878,130,245 ordinary shares each with voting rights. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company will be 878,130,245 and this is the figure may be used by shareholders 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.

 

For further information, please visit www.bordersandsouthern.com or contact:

 

 

Borders & Southern Petroleum plc

Tel: 020 7071 6984

Harry Baker, CEO

Zeus (NOMAD and Joint Broker)

Tel: 0203 829 5000

Nick Searle 

Simon Johnson 

Antonio Bossi 

Andrew de Andrade 

Hannam & Partners (Joint Broker)

Tel: 0207 907 8500

Neil Passmore

Leif Powis

 

Tavistock (Financial PR)

Tel: 020 7920 3150

Simon Hudson

Nick Elwes

 

 

Notes to Editors:

Borders & Southern Petroleum plc is an oil & gas exploration company listed on the London Stock Exchange AIM (BOR). The Company operates and has a 100% interest in three Production Licences in the South Falkland Basin covering an area of nearly 10,000 square kilometres. The Company has acquired 2,517 square kilometres of 3D seismic and drilled two exploration wells, making a significant gas condensate discovery with its first well.

 

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