Released: 18/03/2010
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RNS Number : 8325I
Baltic Oil Terminals Plc
18 March 2010
For immediate release
Baltic Oil Terminals PLC
("Baltic" or "the Company")
Issue of Equity
Baltic announces that it has entered into a subscription agreement in connection with the allotment and issue of 352,000
ordinary shares of 1 pence each at a price of 23 pence per share to a consultant to the Company, where the consideration
for the allotment and issue of the ordinary shares is the discharge of outstanding consultancy fees.
An application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM, and
it is expected that admission will become effective and trading will commence on Wednesday 24 March 2010.
Following admission, the Company will have 59,914,548 ordinary shares in issue.
Enquiries:
Baltic Oil Terminals plc Tel: +44 (0)20 3145 1908
Simon Escott, Chief Executive
Arbuthnot Securities Limited Tel: +44 (0)20 7012 2000
Alastair Moreton, Corporate Finance
Pelham Bell Pottinger
Archie Berens Tel: +44 (0)20 7337 1509 / +44 (0)7802 442486
Archie Berens
Tel: +44 (0)20 7337 1509 / +44 (0)7802 442486
This information is provided by RNS
The company news service from the London Stock Exchange