VGAS Volga Gas Plc

TIDMVGAS

RNS Number : 1755F

Volga Gas PLC

25 July 2016

25 July 2016

Volga Gas plc

("Volga Gas", the "Company" or the "Group")

Transaction In Own Shares

Volga Gas announces that it has purchased the following number of its ordinary shares of 1p each on AIM via Stifel Nicolaus Europe Limited.

Ordinary Shares:

   Dates of purchase:                                        22 July 2016 & 25 July 2016 
   Number of ordinary shares purchased:             50,000 
   Highest price paid per share:                             47.25p 
   Lowest price paid per share:                              47.00p 
   Volume weighted average price per share:       47.075p 

The Company purchased the shares to settle a bonus payment to its Chief Executive Officer. The shares purchased are to be registered directly in the name of Andrey Zozulya.

Following the purchase of these shares, Mr. Zozulya has an interest in 100,000 ordinary shares. Volga Gas holds none of its ordinary shares in treasury.

For further information, please contact:

 
 Volga Gas plc 
 Andrey Zozulya, Chief Executive Officer       +7 495 721 1233 
  Vadim Son, Chief Financial Officer            +44 (0)7824 884 
  Tony Alves, Investor Relations Consultant     342 
 
 Stifel Nicolaus Europe Limited (Nominated     +44 (0)20 7710 
  Adviser and Broker)                           7600 
 Callum Stewart, Ashton Clanfield 
 
                                               +44 (0)20 3727 
 FTI Consulting                                 1000 
 Edward Westropp, Alex Beagley 
 

Editors' notes:

Volga Gas is an independent oil and gas exploration and production company operating in the Volga region of Russia. The company has 100% interests in its four licence areas.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 25, 2016 12:12 ET (16:12 GMT)

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