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Regulatory Story
Company Diversified Gas & Oil PLC
TIDM DGOC
Headline Transaction in Own Shares
Released 17:45 11-Sep-2019
Number 0320M17

RNS Number : 0320M
Diversified Gas & Oil PLC
11 September 2019
 

11 September 2019

 

DIVERSIFIED GAS & OIL PLC

("DGO" or the "Company")

 

Transaction in own shares

 

Diversified Gas & Oil plc (AIM: DGO), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announces that, in accordance with the terms of its share buyback programme announced on 30 April 2019 it has purchased 280,175 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 111.083 pence per Share at the discretion of Stifel Nicolaus Europe Limited ("Stifel").  The Shares acquired will, in due course, be cancelled.

 

Date of purchase:

11 September 2019

Aggregate number of ordinary shares purchased:

280,175

Lowest price paid per share:

110.250 pence

Highest price paid per share:

111.500 pence

Volume weighted average price paid per share:

111.083 pence

 

Following the cancellation of Shares the Company will have 659,776,614 ordinary shares of 1 pence each in issue and no ordinary shares are held in treasury.  All ordinary shares previously announced as held in treasury have been cancelled. The figure of 659,776,614 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Stifel as part of the buyback programme.

 

Individual transactions:

 

Number of shares purchased

Transaction price (pence per share)

Time of transaction

Trading venue

45,167

110.25

08:56:20

London Stock Exchange

91,620

111.00

10:36:03

London Stock Exchange

10,768

110.50

11:51:25

London Stock Exchange

50,000

111.50

14:51:39

London Stock Exchange

50,000

111.50

16:26:48

London Stock Exchange

1,553

111.50

16:29:40

London Stock Exchange

3,179

111.50

16:29:40

London Stock Exchange

3,366

111.50

16:29:40

London Stock Exchange

3,000

111.50

16:29:40

London Stock Exchange

8,198

111.50

16:29:40

London Stock Exchange

5,704

111.50

16:29:40

London Stock Exchange

7,620

111.00

16:31:10

London Stock Exchange

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

               

Diversified Gas & Oil PLC

Rusty Hutson Jr., Chief Executive Officer

Brad Gray, Chief Operating Officer & Finance Director

Eric Williams, Chief Financial Officer

www.dgoc.com

ir@dgoc.com

 

 

+ 1 (205) 408 0909

 

Cenkos Securities plc

(Nominated Adviser)

Russell Cook

Katy Birkin

Ben Jeynes

 

 

+44 (0)20 7397 8900

 

Mirabaud Securities Limited

(Joint Broker)

Peter Krens

Edward Haig-Thomas

 

 

+44 (0)20 3167 7221

 

Stifel Nicolaus Europe Limited

(Joint Broker)

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

 

 

+44 (0)20 7710 7600

Buchanan

(Financial Public Relations)

Ben Romney

Chris Judd

James Husband

dgo@buchanan.uk.com

+44 (0)20 7466 5000

 


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