Eland Oil & Gas PLC Replacement: Transaction in Own Shares (5574Y)
09 May 2019 - 11:25PM
UK Regulatory
TIDMELA
RNS Number : 5574Y
Eland Oil & Gas PLC
09 May 2019
09 May 2019
Eland Oil & Gas PLC
("Eland" or the "Company")
Transaction in Own Shares - Correction to disclosure released on
08 May 2019
Eland Oil & Gas PLC wishes to inform the market of a
correction to the disclosure shown below. The Highest price paid
per Ordinary Share should have been 122.0000, and not 121.0000 as
previously quoted. The Lowest price paid per Ordinary Share should
have been 121.0000, and not 122.0000 as previously quoted.
The below announcement has been corrected, and all other details
remain the same.
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 March
2019:
Date of purchase: 08 May 2019
Number of Ordinary Shares purchased: 21,779
Highest price paid per Ordinary Share: 122.0000
Lowest price paid per Ordinary Share: 121.0000
Volume weighted average price per
Ordinary Share: 121.6887
Following the repurchase of the shares set out above, the
Company's issued share capital consists of 220,164,155 Ordinary
Shares. 2,845,997 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 217,318,158 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: 08 May 2019
Aggregate Information:
Aggregated volume 21,779
Volume weighted average price 121.6887
Venue XLON
Individual Transactions:
--------------------------
Date of purchase Time of purchase Number of Ordinary Price paid per
Shares purchased: Ordinary Share
(p)
---------------
08/05/2019 12:37:40 5,000 122.0
---------------- ---------------
08/05/2019 12:45:27 1,547 121.6
---------------- ---------------
08/05/2019 13:18:10 3,072 121.6
---------------- ---------------
08/05/2019 14:13:13 381 121.6
---------------- ---------------
08/05/2019 15:59:10 2,266 121.8
---------------- ---------------
08/05/2019 16:20:33 662 121.8
---------------- ---------------
08/05/2019 16:20:33 2,072 121.8
---------------- ---------------
08/05/2019 16:20:40 3,233 121.6
---------------- ---------------
08/05/2019 16:28:07 1,767 121.6
---------------- ---------------
08/05/2019 16:28:58 209 121.0
---------------- ---------------
08/05/2019 16:29:39 1,567 121.0
---------------- ---------------
08/05/2019 16:35:20 3 121.0
---------------- ---------------
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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