Transaction in Own Shares

RNS Number : 7499F

Diversified Gas & Oil PLC

16 July 2019

 

16 July 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 552,810 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 114.499 pence per Share at the discretion of Stifel Nicolaus Europe Limited ("Stifel").  The Shares acquired will be held in treasury for cancellation.

Date of purchase:	16 July 2019
Aggregate number of ordinary shares purchased:	552,810
Lowest price paid per share:	112.500 pence
Highest price paid per share:	114.500 pence
Volume weighted average price paid per share:	114.499 pence

The number of ordinary shares in issue is 680,437,579 (including treasury shares) and following the purchase of the Shares, the Company will hold 7,160,198 ordinary shares in treasury. Therefore, the total voting rights in DGO will be 673,277,381. This figure for the total number of voting rights 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
135	112.5	12:02:00	London Stock Exchange
7	112.5	12:02:00	London Stock Exchange
181	112.5	12:05:07	London Stock Exchange
250,000	114.5	15:27:01	London Stock Exchange
302,487	114.5	16:09:09	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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