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Ophir Energy Plc (OPHR)

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Thursday 08 January, 2015

Ophir Energy Plc

Rule 2.10 Announcement

RNS Number : 7161B
Ophir Energy Plc
08 January 2015
 



 

 

 

Ophir Energy plc

 

 

Rule 2.10 Announcement and Buyback of Own Shares

 

London, 8 January 2015: Ophir Energy plc (the "Company") announces that it has purchased the following number of ordinary shares of 0.25 pence each:

 

Date of purchase

8 January 2015

Number of shares purchased

467,791

Highest price per share (pence)

139.00

Lowest price per share (pence)

136.50

Daily VWAP (pence)

138.18

 

 

A breakdown of the prices at which these shares were purchased is set out at the end of this announcement below. The purchased shares will be all held as treasury shares. Following the purchase of these shares, the Company holds 16,764,373 of its own shares in treasury which have yet to settle.

 

The Company has 576,562,071 shares in issue (excluding the shares held in treasury).  This number represents the total voting rights in the Company and 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, Ophir under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), the Company confirms that, as at the close of business on 8 January 2015, it had in issue 576,562,071ordinary shares (excluding the shares held in treasury) of 0.25 pence each with ISIN number GB00B24CT194.

 

Share buyback breakdown

Number of ordinary shares of 0.25p purchased

Price per share (pence)

960

136.5

2341

136.6

2341

136.8

8223

137

1388

137.05

5201

137.1

613

137.15

477

137.2

1437

137.25

8796

137.3

6680

137.35

1561

137.4

1560

137.5

6932

137.55

13023

137.6

5314

137.65

1395

137.7

17416

137.8

1646

137.85

31056

137.9

13721

137.95

56264

138

6619

138.05

9940

138.1

29147

138.2

4877

138.25

43325

138.3

15452

138.35

44543

138.4

1560

138.45

13249

138.5

11437

138.55

23503

138.6

8953

138.7

4035

138.75

15705

138.8

3427

138.85

17856

138.9

25818

139

 

Ends

 

For Further Enquiries please contact:

 

Ophir Energy plc                                                                                              +44 (0)20 7811 2400

Nick Cooper, CEO

Chandrika Kher, Company Secretary

 

Brunswick Group                                                                                             +44 (0)20 7404 5959

Patrick Handley

Marleen Geerlof

 

Notes to Editors

 

Ophir Energy (OPHR.LN) is an, upstream oil and gas exploration company which is a member of the FTSE 250. The Group's headquarters are located in London (England), with operational offices in Perth (Australia), Malabo (Equatorial Guinea), Dar es Salaam and Mtwara (Tanzania), Libreville (Gabon) and Nairobi (Kenya).

 

For further information on Ophir, please refer to www.ophir-energy.com 

 

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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