Borders & Southern Petroleum Announces Exercise of Warrants
Why we think this is neutral
The RNS announcement is about the exercise of warrants, which is a routine corporate action and does not provide any significant new information about the company's operations or financial performance.
Key Points
- Warrant holder exercised 326,666 warrants at 1.5 pence per share
- Aggregate cash value of £4,900 received by the company
- New shares to be admitted to trading on AIM on or around 16 June 2025
Summary
The oil and gas exploration company has received notification from a warrant holder to exercise warrants over new ordinary shares.
Borders & Southern Petroleum plc (AIM: BOR) has announced that it has received notification from a warrant holder to exercise warrants over 326,666 new ordinary shares at an exercise price of 1.5 pence per share, for an aggregate cash value of £4,900. The new shares will be admitted to trading on AIM on or around 16 June 2025.
GENERAL UPDATE