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An announcement from Borders & Southern Petroleum ( (GB:BOR) ) is now available.
Borders & Southern Petroleum has received notice from a warrant holder exercising rights over 1,421,050 new ordinary shares at 10 pence each, raising £142,105 in cash for the company. The new shares are expected to be admitted to trading on AIM around 27 May 2026 and will rank pari passu with existing ordinary shares.
Following admission of the warrant shares, Borders & Southern’s issued share capital will increase to 880,841,724 ordinary shares, all carrying voting rights and with none held in treasury. The updated share count will serve as the new reference point for investors assessing disclosure obligations under UK transparency rules, slightly diluting existing holders while modestly strengthening the company’s capital base.
More about Borders & Southern Petroleum
Borders & Southern Petroleum is a London-listed independent oil and gas exploration company focused on offshore assets in the South Falkland Basin. It operates three production licences covering nearly 10,000 square kilometres, has acquired extensive 3D seismic data, and previously made a significant gas condensate discovery with its first exploration well.
Average Trading Volume: 1,230,132
Technical Sentiment Signal: Buy
Current Market Cap: £103.3M
Learn more about BOR stock on TipRanks’ Stock Analysis page.