Transaction in Own Shares

RNS Number : 9953J

Diversified Gas & Oil PLC

23 August 2019

 

23 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 423,282 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 98.847 pence per Share at the discretion of Stifel Nicolaus Europe Limited ("Stifel").  The Shares acquired will, in due course, be cancelled.

Date of purchase:	22 August 2019
Aggregate number of ordinary shares purchased:	423,282
Lowest price paid per share:	97.800 pence
Highest price paid per share:	101.000 pence
Volume weighted average price paid per share:	98.847 pence

Following the cancellation of Shares the Company will have 663,635,779 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 663,635,779 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
2,000	97.800	9:16:16	London Stock Exchange
1,381	97.800	9:16:16	London Stock Exchange
538	97.800	9:16:16	London Stock Exchange
1,035	97.800	9:31:37	London Stock Exchange
114,307	97.997	10:05:02	London Stock Exchange
200,000	98.700	11:13:25	London Stock Exchange
13,500	98.600	12:32:09	London Stock Exchange
44,000	100.000	13:08:55	London Stock Exchange
15,000	99.958	14:41:28	London Stock Exchange
31,521	101.000	14:42:52	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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