Trinity Exploration & Production Transaction in Own Shares (0511A)

TIDMTRIN

RNS Number : 0511A

Trinity Exploration & Production

19 May 2023

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

19 May 2023

Trinity Exploration & Production plc

("Trinity" or "the Group" or "the Company")

Transaction in Own Shares

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago , announces that today it purchased 15,000 of its ordinary shares of USD 0.01 each ("Ordinary Shares"), at an average price of 79 pence per Ordinary Share, pursuant to instructions issued by Trinity as part of its share buyback programme, as announced on 28 April 2023.

Aggregated information on Ordinary Shares purchased according to trading value

 
  Date of          Number           Highest       Lowest        Volume      Venue 
  purchase       of Ordinary       price paid    price paid     weighted 
               Shares purchased      (GBp)         (GBp)        average 
                                                               price paid 
                                                               per share 
                                                                 (GBp) 
   19 May 
    2023           15,000             79            79            79         AIM 
             ------------------  ------------  ------------  ------------  ------ 
 

To date, Trinity has purchased 39,000 Ordinary Shares in aggregate in connection with this share buyback programme. Trinity intends to hold the purchased Ordinary Shares in treasury.

Transaction details

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, as it forms part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018, a full breakdown of the individual purchases of Ordinary Shares made by Cenkos, on behalf of the Company as part of the share buy-back programme, is detailed below.

 
 Number of Ordinary   Transaction price   Time of Transaction   Trading Venue 
  Shares purchased          (GBp) 
       15,000                79                  08:02               AIM 
                     ------------------  --------------------  -------------- 
 

Company shareholding in treasury and Total Voting Rights

Following the above transaction, Trinity holds 1,471,000 of its Ordinary Shares in treasury and has 39,884,637 Ordinary Shares in issue (including treasury shares). Therefore, the total voting rights in the Company is 38,413,637 .

This above figure of 38,413,637 is the total number of voting rights and may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Trinity Exploration & Production plc              Via Vigo Consulting 
  Nick Clayton, Non- Executive Chairman 
  Jeremy Bridglalsingh, Chief Executive Officer 
  Julian Kennedy, Chief Financial Officer 
 SPARK Advisory Partners Limited 
  (Nominated Adviser and Financial Adviser) 
  Mark Brady 
  James Keeshan                                    [phone] 
 Cenkos Securities PLC (Broker) 
  Leif Powis                                       [phone] 
  Neil McDonald                                     [phone] 
 Vigo Consulting Limited                           [e-mail] 
  Finlay Thomson / Patrick d'Ancona                 [phone] 
 

About Trinity ( www.trinityexploration.com )

Trinity is an independent oil production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low-risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its ten licences and, across all of the Group's assets, management's estimate of the Group's 2P reserves as at the end of 2021 was 19.73 mmbbls. Group 2C contingent resources are estimated to be 47.22 mmbbls. The Group's overall 2P plus 2C volumes are therefore 66.95 mmbbls.

Trinity is quoted on AIM, a market operated and regulated by the London Stock Exchange Plc, under the ticker TRIN.

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END

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May 19, 2023 05:54 ET (09:54 GMT)