Transaction in Own Shares

RNS Number : 6985J

Diversified Gas & Oil PLC

20 August 2019

 

20 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 367,631 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 97.336 pence per Share at the discretion of Stifel Nicolaus Europe Limited ("Stifel").  The Shares acquired will, in due course, be cancelled.

Date of purchase:	20 August 2019
Aggregate number of ordinary shares purchased:	367,631
Lowest price paid per share:	97.00 pence
Highest price paid per share:	97.50 pence
Volume weighted average price paid per share:	97.336 pence

Following the cancellation of Shares the Company will have 664,395,650 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 664,395,650 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
130,000	97.2	15:36:14	London Stock Exchange
1,452	97.0	15:28:01	London Stock Exchange
21	97.0	15:24:49	London Stock Exchange
1,230	97.0	15:19:21	London Stock Exchange
1,278	97.0	15:09:33	London Stock Exchange
3,722	97.0	15:09:00	London Stock Exchange
5,000	97.0	15:08:21	London Stock Exchange
4,537	97.0	15:08:21	London Stock Exchange
5,463	97.0	15:07:42	London Stock Exchange
10,000	97.0	15:07:40	London Stock Exchange
205	97.0	15:07:40	London Stock Exchange
1,139	97.0	15:06:02	London Stock Exchange
1,242	97.0	15:01:33	London Stock Exchange
21	97.0	14:59:31	London Stock Exchange
1,087	97.0	14:52:27	London Stock Exchange
1,111	97.0	14:37:14	London Stock Exchange
7	97.0	14:34:44	London Stock Exchange
2,339	97.0	14:30:01	London Stock Exchange
1,407	97.0	14:29:57	London Stock Exchange
1,442	97.0	14:10:30	London Stock Exchange
194,928	97.5	11:42:55	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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