TIDMDGOC
RNS Number : 1253N
Diversified Gas & Oil PLC
18 May 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES
(INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED
STATES OR THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION ("RESTRICTED JURISDICTIONS").
18 May 2020
Diversified Gas & Oil PLC
("DGO" or the "Company")
Admission to Trading on the Main Market of the London Stock
Exchange
Diversified Gas & Oil PLC (AIM: DGOC), the U.S. based owner
and operator of natural gas, natural gas liquids, and oil wells as
well as midstream assets, is pleased to announce that Company's
ordinary shares will be admitted to the Premium Segment of the
Official List of the Financial Conduct Authority and to trading on
the London Stock Exchange's Main Market ("Admission") at 8.00am
(BST) today under the ticker "DGOC".
Commenting on the Admission, CEO, Rusty Hutson said:
"Transitioning our shares to trade on the Main Market represents
a significant milestone in our three years of growth as a public
company. Importantly it reflects our commitment to the strong
governance, reporting and operating standards required by a Premium
listing. Tangentially to our strategy of focus on long-term value
creating growth, we have become the largest independent producer by
volume listed in London, and our robust business model and healthy
balance sheet ensures that we are well positioned to capitalise on
compelling opportunities that the current market will present. As
we embark on this new chapter, I'd like to thank the DGO team for
their relentless focus, the Board for its vision and leadership,
our shareholders and lenders for their support, and all our
advisers for their counsel. We look forward to building upon our
strong track record of value creation and shareholder returns on
the Main Market."
Diversified Gas & Oil PLC
Rusty Hutson Jr., Chief Executive Officer
Brad Gray, Chief Operating Officer
Eric Williams, Chief Financial Officer
Teresa Odom, Vice President, Investor Relations
www.dgoc.com + 1 (205) 408 0909
Buchanan
(Financial Public Relations)
Ben Romney
Chris Judd
Kelsey Traynor
James Husband
dgo@buchanan.uk.com +44 (0)20 7466 5000
Important legal information
This announcement is for information purposes only and is not
intended to and does not constitute, or form part of, any offer or
invitation to purchase, subscribe for or otherwise acquire or
dispose of, or any solicitation to purchase or subscribe for or
otherwise acquire or dispose of, any securities in any
jurisdiction. The information in this announcement does not purport
to be full or complete and is subject to change without notice.
This announcement is not for release, publication or
distribution, in whole or in part, directly or indirectly, in, into
or from any jurisdiction where to do so would constitute a
violation of the relevant securities laws of such jurisdiction.
This announcement does not purport to give legal, tax or financial
advice. Nothing contained herein shall form the basis of or be
relied upon in connection with, or act as an inducement to enter
into, any investment activity.
This announcement is not an offer of securities for sale in the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), or under the securities laws of any
state or other jurisdiction of the United States and may not be
offered, sold or transferred, directly or indirectly, in or into
the United States except pursuant to an applicable exemption from,
or in a transaction not subject to, the registration requirements
of the Securities Act and in compliance with any applicable
securities laws of any state or other jurisdiction of the United
States.
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. Any forward-looking
statements reflect the Company's current view with respect to
future events and are subject to risks relating to future events
and other risks, uncertainties and assumptions relating to the
Company's business, results of operations, financial position,
liquidity, prospects, growth and strategies. Forward looking
statements speak only as of the date they are made.
Save as required by law, the Company expressly disclaims any
obligation or undertaking to update, review or revise any
forward-looking statement contained in this announcement whether as
a result of new information, future developments or otherwise.
Neither the Company nor any of its parent or subsidiary
undertakings, or the subsidiary undertakings of any such parent
undertakings, or any of such persons' respective partners,
directors, officers, employees, agents, affiliates, advisers or
agents is under an obligation to update, revise or keep current the
information contained in this announcement and the information in
this announcement is subject to change without notice.
This announcement has been issued by, and is the sole
responsibility of, the Company. No representation or warranty,
express or implied, is or will be made as to, or in relation to,
and no responsibility or liability is or will be accepted by Stifel
or by any of its affiliates, directors, officers, employees,
advisers or agents as to or in relation to, the accuracy or
completeness of this announcement or any other written or oral
information made available to or publicly available to any
interested party or its advisers, and any liability therefore is
expressly disclaimed.
Stifel is authorised and regulated in the United Kingdom by the
FCA. Stifel is acting exclusively the Company and is acting for
no-one else in connection with Admission, this announcement or any
other matters referred to in this announcement, and will not regard
any other person as its client in relation to Admission or any
other matters referred to in this announcement. Stifel will not be
responsible to anyone other than the Company for providing the
protections afforded to its clients or for providing advice in
relation to Admission or any other matter referred to in this
announcement.
Apart from the responsibilities and liabilities, if any, which
may be imposed on Stifel under the Financial Services and Markets
Act 2000 (as amended) or the regulatory regime established
thereunder or under the regulatory regime of any jurisdiction where
the exclusion of liability under the relevant regulatory regime
would be illegal, void or unenforceable, neither Stifel nor any of
its affiliates, directors, officers, employees, advisers or agents
accepts any responsibility or liability whatsoever for, nor make
any representation or warranty, express or implied, concerning the
contents of this announcement, including its accuracy, completeness
or verification, or for any other statement made or purported to be
made by the Company, or on the Company's behalf, or by or on behalf
of Stifel in connection with the Company or Admission and nothing
in this announcement is, or shall be relied upon as, a promise or
representation in this respect, whether as to the past or future.
To the fullest extent permitted by law, Stifel and its affiliates,
directors, officers, employees, advisers or agents disclaim all and
any duty, liability or responsibility whatsoever, whether direct or
indirect and whether in contract, in tort, under statute or
otherwise (save as referred to above), which it might otherwise
have in respect of this announcement or any such statement.
Statements contained in this announcement regarding past trends
or activities should not be taken as a representation that such
trends or activities will continue in the future.
No statement in this announcement is or is intended to be a
profit forecast or profit estimate or to imply that the earnings of
the Company for the current or future financial years will
necessarily match or exceed the historical or published earnings of
the Company. The price of shares and the income from them may go
down as well as up and investors may not get back the full amount
invested on disposal of the shares.
Neither the content of the Company's website nor any website
accessible by hyperlinks on the Company's website is incorporated
in, or forms part of, this announcement
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
MSCARMPTMTJBBLM
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