Transaction in Own Shares

RNS Number : 1005D
Diversified Gas & Oil PLC
24 June 2019
 

24 June 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 1,132,522 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 113.452 pence per Share at the discretion of Stifel Nicolaus Europe Limited ("Stifel").  The Shares acquired will be held in treasury for cancellation.

 

Date of purchase:

21 June 2019

Aggregate number of ordinary shares purchased:

1,132,522

Lowest price paid per share:

113.000 pence

Highest price paid per share:

113.500 pence

Volume weighted average price paid per share:

113.452 pence

 

The number of ordinary shares in issue is 694,169,088 (including treasury shares) and following the purchase of the Shares, the Company will hold 11,374,628 ordinary shares in treasury.  Therefore, the total voting rights in DGO will be 682,794,460.  This figure for the total number of voting rights 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

296,444

113.50

08:25:34

London Stock Exchange

10,000

113.00

13:19:23

London Stock Exchange

10,000

113.00

13:20:24

London Stock Exchange

2,005

113.00

13:20:25

London Stock Exchange

7,995

113.00

13:20:25

London Stock Exchange

10,000

113.00

13:20:25

London Stock Exchange

10,000

113.00

13:20:25

London Stock Exchange

2,378

113.00

13:20:25

London Stock Exchange

7,622

113.00

13:20:25

London Stock Exchange

10,000

113.00

13:20:26

London Stock Exchange

1,206

113.00

13:20:26

London Stock Exchange

8,794

113.00

13:20:26

London Stock Exchange

1,803

113.00

13:20:26

London Stock Exchange

3,583

113.00

13:29:09

London Stock Exchange

150,000

113.50

13:47:09

London Stock Exchange

150,000

113.50

13:47:40

London Stock Exchange

3,000

113.25

15:46:44

London Stock Exchange

35,000

113.50

15:54:50

London Stock Exchange

212,540

113.50

16:11:58

London Stock Exchange

138,000

113.50

16:13:35

London Stock Exchange

24,940

113.07

16:30:36

London Stock Exchange

37,212

113.50

16:31:18

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

 


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