Diversified Gas & Oil PLC Transaction in Own Shares (0004F)

TIDMDGOC

RNS Number : 0004F

Diversified Gas & Oil PLC

09 July 2019

9 July 2019

DIVERSIFIED GAS & OIL PLC

("DGO" or the "Company")

Transaction in own shares

Diversified Gas & Oil plc (AIM: DGO), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announces that, in accordance with the terms of its share buyback programme announced on 30 April 2019 it has purchased 639,483 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 111.740 pence per Share at the discretion of Stifel Nicolaus Europe Limited ("Stifel"). The Shares acquired will be held in treasury for cancellation.

 
 Date of purchase:                                   9 July 2019 
 Aggregate number of ordinary shares purchased:          639,483 
 Lowest price paid per share:                      111.500 pence 
 Highest price paid per share:                     112.000 pence 
 Volume weighted average price paid per share:     111.740 pence 
 

The number of ordinary shares in issue is 694,169,088 (including treasury shares) and following the purchase of the Shares, the Company will hold 18,100,558 ordinary shares in treasury. Therefore, the total voting rights in DGO will be 676,068,530. This figure for the total number of voting rights 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Stifel as part of the buyback programme.

Individual transactions:

 
 Number of shares   Transaction price    Time of transaction       Trading venue 
     purchased       (pence per share) 
      14,915              112.00              16:29:55         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
     250,000              111.75              10:48:43         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
      85,085              111.75              12:04:53         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
     125,000              111.75              14:31:13         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
     125,000              111.75              15:00:17         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
      3,804               111.50              09:39:58         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
      3,334               111.50              09:39:58         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
      1,938               111.50              09:55:15         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
        58                111.50              10:29:52         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
       866                111.50              10:48:57         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
      10,000              111.50              10:57:52         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
      1,034               111.50              11:28:42         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
       529                111.50              11:34:48         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
      8,437               111.50              11:39:32         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
      9,483               111.50              11:59:37         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 
 Diversified Gas & Oil PLC 
  Rusty Hutson Jr., Chief Executive Officer 
  Brad Gray, Chief Operating Officer & Finance Director 
  Eric Williams, Chief Financial Officer 
  www.dgoc.com 
  [e-mail]                                              + 1 [phone] 
 Cenkos Securities plc 
  (Nominated Adviser) 
  Russell Cook 
  Katy Birkin 
  Ben Jeynes                                               [phone] 
 Mirabaud Securities Limited 
  (Joint Broker) 
  Peter Krens 
  Edward Haig-Thomas                                       [phone] 
 Stifel Nicolaus Europe Limited 
  (Joint Broker) 
  Callum Stewart 
  Nicholas Rhodes 
  Ashton Clanfield                                         [phone] 
 Buchanan 
  (Financial Public Relations) 
  Ben Romney 
  Chris Judd 
  James Husband 
  [e-mail]                                       [phone] 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 09, 2019 12:14 ET (16:14 GMT)