Eland Oil & Gas PLC Transaction in Own Shares (3641T)
20 March 2019 - 5:02AM
UK Regulatory
TIDMELA
RNS Number : 3641T
Eland Oil & Gas PLC
19 March 2019
19 March 2019
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 and amended on 20
February 2019:
Date of purchase: 19 March 2019
Number of Ordinary Shares purchased: 20,000
Highest price paid per Ordinary Share: 122.00
Lowest price paid per Ordinary Share: 122.00
Volume weighted average price per
Ordinary Share: 122.00
Following the repurchase of the shares set out above, the
Company's issued share capital consists of 220,164,155 Ordinary
Shares. 2,357,811 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 217,806,344 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 at the
discretion of 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: 19 March 2019
Aggregate Information:
Aggregated volume 20,000
Volume weighted average price 122.00
Venue XLON
Individual Transactions:
--------------------------
Date of purchase Time of purchase Number of Ordinary Price paid per
Shares purchased: Ordinary Share
(p)
---------------
19/03/2019 11:23:50 3,935 122.00
---------------- ---------------
19/03/2019 15:26:18 1,065 122.00
---------------- ---------------
19/03/2019 15:26:31 4,648 122.00
---------------- ---------------
19/03/2019 16:06:49 202 122.00
---------------- ---------------
19/03/2019 16:15:25 150 122.00
---------------- ---------------
19/03/2019 16:15:28 5,000 122.00
---------------- ---------------
19/03/2019 16:15:28 4,394 122.00
---------------- ---------------
19/03/2019 16:15:28 606 122.00
---------------- ---------------
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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