Trinity Exploration & Production Transaction in Own Shares (8614R)
March 03 2023 - 5:52AM
UK Regulatory
TIDMTRIN
RNS Number : 8614R
Trinity Exploration & Production
03 March 2023
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. On publication of this announcement via a
Regulatory Information Service, this information is considered to
be in the public domain.
3 March 2023
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Transaction in Own Shares
Trinity Exploration & Production plc (AIM: TRIN), the
independent E&P company focused on Trinidad and Tobago ,
announces that today it purchased 15,000 of its ordinary shares of
USD 0.01 each ("Ordinary Shares"), at an average price of 95 pence
per Ordinary Share, pursuant to instructions issued by Trinity as
part of its share buyback programme, as announced on 24 October
2022.
Aggregated information on Ordinary Shares purchased according to
trading value
Date of Number Highest Lowest Volume Venue
purchase of Ordinary price paid price paid weighted
Shares purchased (GBp) (GBp) average
price paid
per share
(GBp)
3 Mar 2023 15,000 95 95 95 AIM
------------------ ------------ ------------ ------------ ------
To date, Trinity has purchased 652,000 Ordinary Shares in
aggregate in connection with this share buyback programme. Trinity
intends to hold the purchased Ordinary Shares in treasury.
Transaction details
In accordance with Article 5(1)(b) of the Market Abuse
Regulation (EU) No 596/2014, as it forms part of Retained EU Law as
defined in the European Union (Withdrawal) Act 2018, a full
breakdown of the individual purchases of Ordinary Shares made by
Cenkos, on behalf of the Company as part of the share buy-back
programme, is detailed below.
Number of Ordinary Transaction price Time of Transaction Trading Venue
Shares purchased (GBp)
15,000 95 08:28 AIM
------------------ -------------------- --------------
Company shareholding in treasury and Total Voting Rights
Following the above transaction, Trinity holds 1,324,000 of its
Ordinary Shares in treasury and has 39,884,637 Ordinary Shares in
issue (including treasury shares). Therefore, the total voting
rights in the Company will be 38,560,637 . This figure for the
total number of voting rights may be used by shareholders (and
others with notification obligations) as the denominator for the
calculation by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Enquiries:
Trinity Exploration & Production plc Via Vigo Consulting
Nick Clayton, Non- Executive Chairman
Jeremy Bridglalsingh, Chief Executive Officer
Julian Kennedy, Chief Financial Officer
SPARK Advisory Partners Limited
(Nominated Adviser and Financial Adviser)
Mark Brady
James Keeshan +44 (0)20 3368 3550
Cenkos Securities PLC (Broker)
Leif Powis +44 (0)20 7397 8900
Neil McDonald +44 (0)131 220 6939
Vigo Consulting Limited trinity@vigoconsulting.com
Finlay Thomson / Patrick d'Ancona +44 (0)20 739 0 0230
About Trinity ( www.trinityexploration.com )
Trinity is an independent oil production company focused solely
on Trinidad and Tobago. Trinity operates producing and development
assets both onshore and offshore, in the shallow water West and
East Coasts of Trinidad. Trinity's portfolio includes current
production, significant near-term production growth opportunities
from low-risk developments and multiple exploration prospects with
the potential to deliver meaningful reserves/resources growth. The
Company operates all of its ten licences and, across all of the
Group's assets, management's estimate of the Group's 2P reserves as
at the end of 2021 was 19.73 mmbbls. Group 2C contingent resources
are estimated to be 47.22 mmbbls. The Group's overall 2P plus 2C
volumes are therefore 66.95 mmbbls.
Trinity is quoted on AIM, a market operated and regulated by the
London Stock Exchange Plc, under the ticker TRIN.
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END
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