Eland Oil & Gas PLC Transaction in Own Shares (6690Q)
February 21 2019 - 2:00AM
UK Regulatory
TIDMELA
RNS Number : 6690Q
Eland Oil & Gas PLC
21 February 2019
21 February 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: 20 February 2019
Number of Ordinary Shares purchased: 74,370
Highest price paid per Ordinary Share: 125
Lowest price paid per Ordinary Share: 125
Volume weighted average price per
Ordinary Share: 125
Following the repurchase of the shares set out above, the
Company's issued share capital consists of 220,164,155 Ordinary
Shares. 2,007,158 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 218,156,997 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: 20 February 2019
Aggregate Information:
Aggregated volume 74,370
Volume weighted average price 125
Venue XLON
Individual Transactions:
--------------------------
Date of purchase Time of purchase Number of Ordinary Price paid per
Shares purchased: Ordinary Share
(p)
---------------
20/02/2019 15:41:18 280 125
---------------- -------------------- ---------------
20/02/2019 15:41:18 69 125
---------------- -------------------- ---------------
20/02/2019 15:52:01 9,651 125
---------------- -------------------- ---------------
20/02/2019 15:52:13 3,475 125
---------------- -------------------- ---------------
20/02/2019 15:52:13 2,100 125
---------------- -------------------- ---------------
20/02/2019 15:52:13 1,292 125
---------------- -------------------- ---------------
20/02/2019 15:52:13 816 125
---------------- -------------------- ---------------
20/02/2019 15:52:13 2,317 125
---------------- -------------------- ---------------
20/02/2019 15:52:44 365 125
---------------- -------------------- ---------------
20/02/2019 15:52:44 7,121 125
---------------- -------------------- ---------------
20/02/2019 15:53:11 10,000 125
---------------- -------------------- ---------------
20/02/2019 15:53:11 2,000 125
---------------- -------------------- ---------------
20/02/2019 15:53:11 8,000 125
---------------- -------------------- ---------------
20/02/2019 15:53:11 2,000 125
---------------- -------------------- ---------------
20/02/2019 15:53:11 8,000 125
---------------- -------------------- ---------------
20/02/2019 15:53:11 2,000 125
---------------- -------------------- ---------------
20/02/2019 15:53:11 1,343 125
---------------- -------------------- ---------------
20/02/2019 15:53:11 6,657 125
---------------- -------------------- ---------------
20/02/2019 15:53:12 1,884 125
---------------- -------------------- ---------------
20/02/2019 15:54:54 5,000 125
---------------- -------------------- ---------------
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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