Source - RNS
RNS Number : 6895P
Eland Oil & Gas PLC
11 February 2019
 

11 February 2019

Eland Oil & Gas PLC

("Eland" or the "Company")

Transaction in Own Shares

Eland Oil & Gas PLC (AIM:ELA), an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, announces that it has made the following redemptions pursuant to the share buyback programme (the "Programme") announced on 19 November 2018:

Date of purchase:

11 February 2019

Number of Ordinary Shares purchased:

50,331

Highest price paid per Ordinary Share:

125.000

Lowest price paid per Ordinary Share:

121.500

Volume weighted average price per Ordinary Share:

122.124

 

Following the repurchase of the shares set out above, the Company's issued share capital consists of 220,164,155 Ordinary Shares. 1,725,547 Ordinary shares are held in Treasury. For reporting under the FCA's Disclosure and Transparency Rules, Shareholders should exclude any shares held in Treasury and should use the figure of 218,438,608 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by the Company, which were all executed through the Company's broker, Stifel Nicolaus Europe Limited, are set out below:

Schedule of Purchases:

Shares purchased:

Eland Oil & Gas PLC (ISIN: GB00B8HHWX64)

Date of purchase:

11 February 2019

 

Aggregate Information:

Aggregated volume

50,331

Volume weighted average price

122.124

Venue

XLON

 

 

Individual Transactions:

 

 

Date of purchase

Time of purchase

Number of Ordinary Shares purchased:

Price paid per Ordinary Share (p)

11/02/2019

08:00:02

4

125.0

11/02/2019

08:00:02

4

125.0

11/02/2019

08:00:02

11

125.0

11/02/2019

10:23:25

3,957

124.0

11/02/2019

14:23:13

2,000

122.5

11/02/2019

14:23:15

1,200

122.5

11/02/2019

14:23:16

800

122.5

11/02/2019

14:23:18

2,000

122.5

11/02/2019

14:23:19

2,000

122.5

11/02/2019

14:23:21

2,000

122.5

11/02/2019

15:30:20

2,910

122.0

11/02/2019

16:08:23

1,040

122.0

11/02/2019

16:08:23

1,300

122.0

11/02/2019

16:08:23

2,660

122.0

11/02/2019

16:08:23

5,000

122.0

11/02/2019

16:08:37

650

122.0

11/02/2019

16:08:37

9,350

122.0

11/02/2019

16:08:44

3,244

121.5

11/02/2019

16:09:23

3,925

121.5

11/02/2019

16:21:26

6,075

121.5

11/02/2019

16:35:09

201

121.5

 

For further information:

 

Eland Oil & Gas PLC (+44 (0)1224 737300)

www.elandoilandgas.com

George Maxwell, CEO

Ronald Bain, CFO

Finlay Thomson, IR

 

Peel Hunt LLP, Nominated Adviser & Joint Broker (+44 (0)20 7418 8900)

Richard Crichton

David McKeown

 

Stifel Nicolaus Europe Limited, Joint Broker (+44 (0)20 7710 7600)

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

 

Camarco (+44 (0) 203 757 4980)

Billy Clegg

Georgia Edmonds

Tom Huddart

 

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.


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