Friday, June 26, 2020

Bahamas Petroleum Company set to issue shares to mutual fund

By Jamie Ashcroft

"I am delighted to see this project finally coming to fruition, whereby Bahamians can choose, albeit indirectly, to participate in the outcome of the project,” said Simon Potter.

Bahamas Petroleum Company PLC (LON:BPC) told investors that all the administrative formalities in the set-up of its Bahamian mutual fund have now been completed.

As a result some 35.33mln shares in the company will now be issued to BPC Investment Fund Limited.  Read more >>