Transaction in Own Shares

RNS Number : 1056L

Diversified Gas & Oil PLC

03 September 2019

 

3 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 282,763 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 105.181 pence per Share at the discretion of Stifel Nicolaus Europe Limited ("Stifel").  The Shares acquired will, in due course, be cancelled.

Date of purchase:	3 September 2019
Aggregate number of ordinary shares purchased:	282,763
Lowest price paid per share:	104.500 pence
Highest price paid per share:	105.250 pence
Volume weighted average price paid per share:	105.181 pence

Following the cancellation of Shares the Company will have 661,333,241 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 661,333,241 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
346	104.50	12:02:07	London Stock Exchange
2,754	104.50	12:02:07	London Stock Exchange
32	104.50	12:02:07	London Stock Exchange
25	104.50	12:02:07	London Stock Exchange
2	104.50	12:02:07	London Stock Exchange
1,700	104.50	12:28:18	London Stock Exchange
91	104.50	12:28:19	London Stock Exchange
50,000	104.99	13:14:55	London Stock Exchange
5,450	105.00	15:43:05	London Stock Exchange
100,000	105.25	15:55:01	London Stock Exchange
5,250	105.00	16:25:29	London Stock Exchange
47,113	105.25	16:25:53	London Stock Exchange
70,000	105.25	16:26:34	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 [e-mail]	+ 1 [phone]
Cenkos Securities plc (Nominated Adviser) Russell Cook Katy Birkin Ben Jeynes	[phone]
Mirabaud Securities Limited (Joint Broker) Peter Krens Edward Haig-Thomas	[phone]
Stifel Nicolaus Europe Limited (Joint Broker) Callum Stewart Nicholas Rhodes Ashton Clanfield	[phone]
Buchanan (Financial Public Relations) Ben Romney Chris Judd James Husband [e-mail]	[phone]

 

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