REG - Borders & Southern - Exercise of Warrants

Borders and Southern PetroleumAnnouncement

16/05/2025 16:30

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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
(http://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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