TIDMOPHR TIDMSMDR

RNS Number : 2384Y

Ophir Energy Plc

27 November 2014

Ophir Energy plc

Rule 2.10 Announcement and Buyback of Own Shares

London, 27 November 2014: Ophir Energy plc (the "Company") announces that it has purchased the following number of ordinary shares of 0.25 pence each:

 
 Date of purchase                   27 November 2014 
---------------------------------  ----------------- 
 Number of shares purchased         225,000 
---------------------------------  ----------------- 
 Highest price per share (pence)    164.50 
---------------------------------  ----------------- 
 Lowest price per share (pence)     157.00 
---------------------------------  ----------------- 
 Daily VWAP (pence)                 160.14 
---------------------------------  ----------------- 
 

A breakdown of the prices at which these shares were purchased is set out at the end of this announcement below. The purchased shares will be all held as treasury shares. Following the purchase of these shares, the Company holds 9,265,023 of its own shares in treasury which have yet to settle.

The Company has 584,061,421 shares in issue (excluding the shares held in treasury). This number represents the total voting rights in the Company and 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, Ophir under the Financial Conduct Authority's Disclosure and Transparency Rules.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), the Company confirms that, as at the close of business on 27 November 2014, it had in issue 584,061,421ordinary shares (excluding the shares held in treasury) of 0.25 pence each with ISIN number GB00B24CT194.

Share buyback breakdown

 
 Number of ordinary shares of   Price per share (pence) 
  0.25p purchased 
-----------------------------  ------------------------ 
 
 
 1,456     157 
-------  ------ 
  728     157.1 
-------  ------ 
 3,485    157.3 
-------  ------ 
 2,814    157.7 
-------  ------ 
 2,844    157.8 
-------  ------ 
 53,265   157.9 
-------  ------ 
 2,149     158 
-------  ------ 
 1,508    158.1 
-------  ------ 
 1,494    158.2 
-------  ------ 
 3,401    158.3 
-------  ------ 
  683     158.4 
-------  ------ 
  724     158.5 
-------  ------ 
 6,464    158.6 
-------  ------ 
 2,292    158.7 
-------  ------ 
 1,347    158.8 
-------  ------ 
 7,645    158.9 
-------  ------ 
 4,314     159 
-------  ------ 
 1,388    159.1 
-------  ------ 
 2,813    159.3 
-------  ------ 
 5,053    159.4 
-------  ------ 
   55     159.5 
-------  ------ 
  719     159.6 
-------  ------ 
 2,848    159.7 
-------  ------ 
  804     159.8 
-------  ------ 
 2,248    159.9 
-------  ------ 
 1,731     160 
-------  ------ 
 3,643    160.2 
-------  ------ 
 1,642    160.3 
-------  ------ 
 2,095    160.4 
-------  ------ 
  275     160.5 
-------  ------ 
 1,361    160.6 
-------  ------ 
  659     160.7 
-------  ------ 
  693     160.8 
-------  ------ 
  765     160.9 
-------  ------ 
 2,103     161 
-------  ------ 
 4,866    161.1 
-------  ------ 
 5,056    161.2 
-------  ------ 
 5,011    161.3 
-------  ------ 
 1,393    161.4 
-------  ------ 
 4,235    161.5 
-------  ------ 
 9,264    161.6 
-------  ------ 
 4,525    161.7 
-------  ------ 
 4,625    161.8 
-------  ------ 
 5,974    161.9 
-------  ------ 
 3,278     162 
-------  ------ 
 1,394    162.1 
-------  ------ 
 2,094    162.2 
-------  ------ 
 4,072    162.3 
-------  ------ 
 2,382    162.4 
-------  ------ 
 2,709    162.5 
-------  ------ 
 2,866    162.6 
-------  ------ 
 5,790    162.7 
-------  ------ 
 4,599    162.8 
-------  ------ 
 5,099    162.9 
-------  ------ 
  696      163 
-------  ------ 
 7,072    163.1 
-------  ------ 
 2,212    163.2 
-------  ------ 
 1,598    163.3 
-------  ------ 
  665     163.4 
-------  ------ 
 1,445    163.5 
-------  ------ 
  754     163.6 
-------  ------ 
  694     163.8 
-------  ------ 
 1,419    163.9 
-------  ------ 
  726     164.2 
-------  ------ 
  720     164.3 
-------  ------ 
  259     164.5 
-------  ------ 
 

Ends

For Further Enquiries please contact:

Ophir Energy plc +44 (0)20 7811 2400

Nick Cooper, CEO

Chandrika Kher, Company Secretary

Brunswick Group +44 (0)20 7404 5959

Patrick Handley

Marleen Geerlof

Notes to Editors

Ophir Energy (OPHR.LN) is an, upstream oil and gas exploration company which is a member of the FTSE 250. The Group's headquarters are located in London (England), with operational offices in Perth (Australia), Malabo (Equatorial Guinea), Dar es Salaam and Mtwara (Tanzania), Libreville (Gabon) and Nairobi (Kenya).

For further information on Ophir, please refer to www.ophir-energy.com

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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