Transaction in Own Shares

RNS Number : 0665B

Diversified Gas & Oil PLC

27 January 2020

 

27 January 2020

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, oil wells and midstream assets, announces that, in accordance with the terms of its share buyback programme announced on 30 April 2019 it has purchased 225,355 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 93.80 pence per Share through Stifel Nicolaus Europe Limited ("Stifel"). The Shares acquired will, in due course, be cancelled.

Date of purchase:	27 January 2020
Aggregate number of ordinary shares purchased:	225,355
Lowest price paid per share:	93.00 pence
Highest price paid per share:	95.20 pence
Volume weighted average price paid per share:	93.80 pence

Following the cancellation of Shares the Company will have 652,022,189 ordinary shares of 1 pence each in issue and no ordinary shares are held in treasury. The figure of 652,022,189 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	95.20	09:56:20	London Stock Exchange
25,000	94.60	11:39:34	London Stock Exchange
50,000	93.60	15:34:39	London Stock Exchange
75,355	93.60	16:30:48	London Stock Exchange
25,000	93.40	12:43:29	London Stock Exchange
25,000	93.00	12:16:02	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]

 

END

 

 

POSDDLFLBFLFBBL