Borders & Southern Petroleum plc
26 September 2007
For immediate release: 26 September 2007
Borders & Southern Petroleum PLC
('Borders & Southern' or the 'Company')
Subscription of new ordinary shares by PGS
Application has been made for the 16,656,670 new ordinary shares in the Company
recently agreed to be subscribed by PGS Overseas AS to be admitted to trading
on AIM, with admission and completion of the subscription expected to take place
on 2 October 2007. Following such admission, the total number of ordinary shares
in issue will be 194,344,170.
Borders & Southern further announces that following the subscription the
holdings of the directors who hold more than 3% of the Company's issued share
capital will be as follows:
Total Shares Held % of the Issued
Share Capital
following the Subscription
Harry Dobson 26,670,000 13.72%
Stephen Posford 26,670,000 13.72%
Howard Obee 10,000,000 5.15%
The ordinary shares in which Harry Dobson is interested in are held by the Zila
Corporation, a company owned by the Whitmill Trust Company limited, as trustee
of The Lotus Trust of which he is a beneficiary.
For further information, please call:
Howard Obee, Chief Executive Christopher Caldwell
Borders & Southern Petroleum plc Insinger de Beaufort
Tel: 020 7661 9348 Tel: 020 7190 7022
Clemmie Carr
Tavsitock Communications
Tel: 020 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange