Transaction in Own Shares

RNS Number : 9699B
Diversified Gas & Oil PLC
04 February 2020
 

4 February 2020

 

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, oil wells and midstream assets, announces that, in accordance with the terms of its share buyback programme announced on 30 April 2019 it has purchased 150,000 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 92.335 pence per Share through Stifel Nicolaus Europe Limited ("Stifel"). The Shares acquired will, in due course, be cancelled.

 

Date of purchase:

4 February 2020

Aggregate number of ordinary shares purchased:

150,000

Lowest price paid per share:

91.200 pence

Highest price paid per share:

93.170 pence

Volume weighted average price paid per share:

92.335 pence

 

Following the cancellation of Shares the Company will have 650,525,709 ordinary shares of 1 pence each in issue and no ordinary shares are held in treasury. The figure of 650,525,709 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

3,497

91.80

11:59:07

London Stock Exchange

50,000

91.20

14:40:22

London Stock Exchange

550

91.70

15:49:27

London Stock Exchange

24,129

93.17

16:13:36

London Stock Exchange

17,601

93.00

16:16:14

London Stock Exchange

836

92.40

16:24:41

London Stock Exchange

4,164

92.40

16:25:11

London Stock Exchange

5,000

92.40

16:27:30

London Stock Exchange

4,257

92.40

16:29:11

London Stock Exchange

743

92.40

16:29:26

London Stock Exchange

39,223

93.00

16:29:43

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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