Source - RNS
RNS Number : 0248C
Eland Oil & Gas PLC
12 June 2019
 

12 June 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 and amended on 20 March 2019:

Date of purchase:

12 June 2019

Number of Ordinary Shares purchased:

10,000

Highest price paid per Ordinary Share:

125

Lowest price paid per Ordinary Share:

125

Volume weighted average price per Ordinary Share:

125

 

Following the repurchase of the shares set out above, the Company's issued share capital consists of 220,164,155 Ordinary Shares. 2,984,841 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 217,179,314 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:

12 June 2019

 

Aggregate Information:

Aggregated volume

10,000

Volume weighted average price

125

Venue

XLON

 

 

Individual Transactions:

 

 

Date of purchase

Time of purchase

Number of Ordinary Shares purchased:

Price paid per Ordinary Share (p)

12/06/2019

16:35:28

932

125

12/06/2019

16:35:28

280

125

12/06/2019

16:35:28

7

125

12/06/2019

16:35:28

3,680

125

12/06/2019

16:35:28

5,101

125

 

 

 

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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