Business
Share Subscription
Share Subscription.
About this update from Borders & Southern Petroleum Plc
[{"type":"text","content":"\n Borders & Southern Petroleum plc\n26 September 2007\n\n\nFor immediate release: 26 September 2007\n\n Borders & Southern Petroleum PLC\n ('Borders & Southern' or the 'Company')\n Subscription of new ordinary shares by PGS\n\n\n\nApplication has been made for the 16,656,670 new ordinary shares in the Company \nrecently agreed to be subscribed by PGS Overseas AS to be admitted to trading \non AIM, with admission and completion of the subscription expected to take place \non 2 October 2007. Following such admission, the total number of ordinary shares\nin issue will be 194,344,170.\n\nBorders & Southern further announces that following the subscription the \nholdings of the directors who hold more than 3% of the Company's issued share \ncapital will be as follows:\n\n Total Shares Held % of the Issued\n Share Capital\n following the Subscription\n\nHarry Dobson 26,670,000 13.72%\nStephen Posford 26,670,000 13.72%\nHoward Obee 10,000,000 5.15%\n\nThe ordinary shares in which Harry Dobson is interested in are held by the Zila \nCorporation, a company owned by the Whitmill Trust Company limited, as trustee \nof The Lotus Trust of which he is a beneficiary.\n\n\n\nFor further information, please call:\n\nHoward Obee, Chief Executive Christopher Caldwell\nBorders & Southern Petroleum plc Insinger de Beaufort\nTel: 020 7661 9348 Tel: 020 7190 7022\n\nClemmie Carr\nTavsitock Communications\nTel: 020 7920 3150\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2078,"tagName":"div"}]