Transaction in Own Shares

RNS Number : 4662H
Diversified Gas & Oil PLC
01 August 2019
 

1 August 2019

 

DIVERSIFIED GAS & OIL PLC

("DGO" or the "Company")

 

Transaction in own shares

 

Diversified Gas & Oil plc (AIM: DGO), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announces that, in accordance with the terms of its share buyback programme announced on 30 April 2019 it has purchased 435,700 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 104.629 pence per Share at the discretion of Stifel Nicolaus Europe Limited ("Stifel").  The Shares acquired will, in due course, be cancelled.

 

Date of purchase:

31 July 2019

Aggregate number of ordinary shares purchased:

435,700

Lowest price paid per share:

102.500 pence

Highest price paid per share:

107.000 pence

Volume weighted average price paid per share:

104.629 pence

 

Following the cancellation of Shares the Company will have 668,863,857 ordinary shares of 1 pence each in issue and no ordinary shares are held in treasury.  All ordinary shares previously announced as held in treasury have been cancelled. The figure of 668,863,857 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Stifel as part of the buyback programme.

 

Individual transactions:

Number of shares purchased

Transaction price (pence per share)

Time of transaction

Trading venue

25,000

107.00

08:23:05

London Stock Exchange

10,000

105.50

08:43:55

London Stock Exchange

25,000

104.50

09:12:29

London Stock Exchange

50,600

104.50

10:26:23

London Stock Exchange

9,052

104.00

11:22:18

London Stock Exchange

24,107

104.07

11:38:05

London Stock Exchange

86,185

104.00

13:11:54

London Stock Exchange

25,000

103.50

14:00:24

London Stock Exchange

25,000

103.50

14:05:47

London Stock Exchange

35,576

103.00

14:25:23

London Stock Exchange

10,450

102.50

15:19:11

London Stock Exchange

27,788

104.25

15:50:01

London Stock Exchange

18,009

106.00

16:17:42

London Stock Exchange

13,933

106.00

16:18:17

London Stock Exchange

50,000

107.00

16:29:34

London Stock Exchange

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

Diversified Gas & Oil PLC

Rusty Hutson Jr., Chief Executive Officer

Brad Gray, Chief Operating Officer & Finance Director

Eric Williams, Chief Financial Officer

www.dgoc.com

ir@dgoc.com

 

 

+ 1 (205) 408 0909

 

Cenkos Securities plc

(Nominated Adviser)

Russell Cook

Katy Birkin

Ben Jeynes

 

 

+44 (0)20 7397 8900

 

Mirabaud Securities Limited

(Joint Broker)

Peter Krens

Edward Haig-Thomas

 

 

+44 (0)20 3167 7221

 

Stifel Nicolaus Europe Limited

(Joint Broker)

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

 

 

+44 (0)20 7710 7600

Buchanan

(Financial Public Relations)

Ben Romney

Chris Judd

James Husband

dgo@buchanan.uk.com

+44 (0)20 7466 5000

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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