Borders & Southern Petroleum Increases Share Capital Following Warrant Exercise

An announcement from Borders & Southern Petroleum ( (GB:BOR) ) is now available.

Borders & Southern Petroleum plc has announced the exercise of warrants by a holder for 500,000 new ordinary shares at an exercise price of 1.5 pence per share, totaling £7,500. The newly issued shares will be admitted to trading on AIM by 11 February 2025, bringing the company’s total issued share capital to 831,314,456 ordinary shares, each carrying voting rights. This development may impact shareholder calculations for disclosure requirements under FCA rules.

More about Borders & Southern Petroleum

Borders & Southern Petroleum plc is a London-based independent oil and gas exploration company, listed on the London Stock Exchange AIM under the symbol BOR. It operates in the South Falkland Basin, holding a 100% interest in three Production Licences covering nearly 10,000 square kilometres. The company has invested in exploration activities, including acquiring 2,517 square kilometres of 3D seismic data and drilling two exploration wells, one of which resulted in a significant gas condensate discovery.

YTD Price Performance: 173.65%

Average Trading Volume: 2,571,587

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £50.47M

See more data about BOR stock on TipRanks’ Stock Analysis page.