CHALLENGER ENERGY GROUP PLC — Share Issue/Capital Change 2021

Jan 26, 2021

National Storage Mechanism | Additional information

RNS Number : 8245M

Bahamas Petroleum Company PLC

26 January 2021

26 January 2021

Bahamas Petroleum Company plc

("BPC" or the "Company")

Issue of Warrants

BPC announces that, following its announcement on 12 January 2021 regarding the exercise of the Company Put option with an institutional investment fund managed by Lombard Odier Asset Management, the Company has issued 9,375,000 warrants to advisors in settlement of certain fees for this transaction.  The warrants are exercisable for a period of 3 years at an exercise price of 2 pence per share.

For further information, please contact:

Bahamas Petroleum Company plc Simon Potter, Chief Executive Officer	Tel: +44 (0) 1624 647 882
Strand Hanson Limited - Nomad Rory Murphy / James Spinney / Jack Botros	Tel: +44 (0) 20 7409 3494
Shore Capital Stockbrokers Limited - Joint Broker Jerry Keen / Toby Gibbs	Tel: +44 (0) 207 408 4090
Investec Bank Plc - Joint Broker Chris Sim / Rahul Sharma	Tel: +44 (0) 207 597 5970
CAMARCO Billy Clegg / James Crothers / Hugo Liddy	Tel: +44 (0) 020 3757 4980

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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