Transaction in Own Shares

RNS Number : 4662H

Diversified Gas & Oil PLC

01 August 2019

 

1 August 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 435,700 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 104.629 pence per Share at the discretion of Stifel Nicolaus Europe Limited ("Stifel").  The Shares acquired will, in due course, be cancelled.

Date of purchase:	31 July 2019
Aggregate number of ordinary shares purchased:	435,700
Lowest price paid per share:	102.500 pence
Highest price paid per share:	107.000 pence
Volume weighted average price paid per share:	104.629 pence

Following the cancellation of Shares the Company will have 668,863,857 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 668,863,857 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
25,000	107.00	08:23:05	London Stock Exchange
10,000	105.50	08:43:55	London Stock Exchange
25,000	104.50	09:12:29	London Stock Exchange
50,600	104.50	10:26:23	London Stock Exchange
9,052	104.00	11:22:18	London Stock Exchange
24,107	104.07	11:38:05	London Stock Exchange
86,185	104.00	13:11:54	London Stock Exchange
25,000	103.50	14:00:24	London Stock Exchange
25,000	103.50	14:05:47	London Stock Exchange
35,576	103.00	14:25:23	London Stock Exchange
10,450	102.50	15:19:11	London Stock Exchange
27,788	104.25	15:50:01	London Stock Exchange
18,009	106.00	16:17:42	London Stock Exchange
13,933	106.00	16:18:17	London Stock Exchange
50,000	107.00	16:29:34	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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