Eland Oil & Gas PLC Transaction in Own Shares (8845J)
08 December 2018 - 5:03AM
UK Regulatory
TIDMELA
RNS Number : 8845J
Eland Oil & Gas PLC
07 December 2018
7 December 2018
Eland Oil & Gas PLC
("Eland" or the "Company")
Transaction in Own Shares
Eland Oil & Gas PLC (AIM:ELA), an oil & gas production
and development company operating in West Africa with an initial
focus on Nigeria, announces that it has made the following
redemptions pursuant to the share buyback programme (the
"Programme") announced on 19 November 2018:
Date of purchase: 7 December 2018
Number of Ordinary Shares purchased: 88,517
Highest price paid per Ordinary Share: 108.000
Lowest price paid per Ordinary Share: 107.500
Volume weighted average price per
Ordinary Share: 107.944
Following the repurchase of the shares set out above, the
Company's issued share capital consists of 220,164,155 Ordinary
Shares. 821,309 Ordinary shares are held in Treasury. For reporting
under the FCA's Disclosure and Transparency Rules, Shareholders
should exclude any shares held in Treasury and should use the
figure of 219,342,846 Ordinary Shares (the issued voting share
capital) when determining if they are required to notify their
interest, or a change of their interest in the Company.
The Company will make further announcements in due course
following the completion of any further purchases pursuant to the
Programme.
In accordance with Article 5(1)(b) of the Market Abuse
Regulation (EU) No 596/2014 details of the purchase of its own
ordinary shares by the Company, which were all executed through the
Company's broker, Stifel Nicolaus Europe Limited, are set out
below:
Schedule of Purchases:
Shares purchased: Eland Oil & Gas PLC (ISIN: GB00B8HHWX64)
Date of purchase: 7 December 2018
Aggregate Information:
Aggregated volume 88,517
Volume weighted average price 107.944
Venue XLON
Individual Transactions:
--------------------------
Date of purchase Time of purchase Number of Ordinary Price paid per
Shares purchased: Ordinary Share
(p)
---------------
07/12/18 13:50:44 10,000 108.0
---------------- -------------------- ---------------
07/12/18 15:18:24 16,054 108.0
---------------- -------------------- ---------------
07/12/18 15:57:39 3,946 108.0
---------------- -------------------- ---------------
07/12/18 16:11:48 10,000 107.5
---------------- -------------------- ---------------
07/12/18 16:16:25 23,600 108.0
---------------- -------------------- ---------------
07/12/18 16:35:28 2,118 108.0
---------------- -------------------- ---------------
07/12/18 16:35:28 17,882 108.0
---------------- -------------------- ---------------
07/12/18 16:35:39 2,662 108.0
---------------- -------------------- ---------------
07/12/18 16:35:39 2,255 108.0
---------------- -------------------- ---------------
For further information:
Eland Oil & Gas PLC (+44 (0)1224 737300)
www.elandoilandgas.com
George Maxwell, CEO
Ronald Bain, CFO
Finlay Thomson, IR
Peel Hunt LLP, Nominated Adviser & Joint Broker (+44 (0)20
7418 8900)
Richard Crichton
David McKeown
Stifel Nicolaus Europe Limited, Joint Broker (+44 (0)20 7710
7600)
Callum Stewart
Nicholas Rhodes
Ashton Clanfield
Camarco (+44 (0) 203 757 4980)
Billy Clegg
Georgia Edmonds
Tom Huddart
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
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.
END
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