Close period repurchase programme

RNS Number : 2418Q

Soco International PLC

14 October 2011

 

Close period repurchase programme

SOCO International plc ("SOCO" or the "Company") announces that the Company has entered into an irrevocable and non-discretionary arrangement with its broker, Bank of America Merrill Lynch, to repurchase on its behalf and within certain pre-set parameters, ordinary shares in SOCO, to be held as Treasury shares, during the Company's close period commencing on 17 October 2011 and ending with an announcement of the Company's well results on the Mindou Marine 1 well drilling offshore Congo (Brazzaville), which is expected to be on or around 27 October 2011. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and SOCO's general authority to repurchase shares.

 

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