Eland Oil & Gas PLC Transaction in Own Shares (3159K)

TIDMELA

RNS Number : 3159K

Eland Oil & Gas PLC

12 December 2018

12 December 2018

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:                         12 December 2018 
 Number of Ordinary Shares purchased:                35,505 
 Highest price paid per Ordinary Share:             109.000 
 Lowest price paid per Ordinary Share:              108.500 
 Volume weighted average price per 
  Ordinary Share:                                   108.782 
 

Following the repurchase of the shares set out above, the Company's issued share capital consists of 220,164,155 Ordinary Shares. 956,814 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 219,207,341 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 December 2018 
 
 
 Aggregate Information: 
 Aggregated volume                 35,505 
 Volume weighted average price    108.782 
 Venue                               XLON 
 
 
 Individual Transactions: 
                                                 -------------------------- 
 Date of purchase   Time of purchase   Number of Ordinary   Price paid per 
                                        Shares purchased:    Ordinary Share 
                                                                  (p) 
                                                            --------------- 
     12/12/18           10:26:41             4,983               108.5 
                    ----------------  --------------------  --------------- 
     12/12/18           10:26:41             2,583               108.5 
                    ----------------  --------------------  --------------- 
     12/12/18           10:26:41             1,656               108.5 
                    ----------------  --------------------  --------------- 
     12/12/18           10:26:41              778                108.5 
                    ----------------  --------------------  --------------- 
     12/12/18           12:56:16              505                108.5 
                    ----------------  --------------------  --------------- 
     12/12/18           15:31:20             1,324               109.0 
                    ----------------  --------------------  --------------- 
     12/12/18           15:31:20             5,000               109.0 
                    ----------------  --------------------  --------------- 
     12/12/18           15:31:20             3,676               109.0 
                    ----------------  --------------------  --------------- 
     12/12/18           15:31:38             5,000               109.0 
                    ----------------  --------------------  --------------- 
     12/12/18           15:31:38             5,000               109.0 
                    ----------------  --------------------  --------------- 
     12/12/18           15:56:50             3,495               108.5 
                    ----------------  --------------------  --------------- 
     12/12/18           15:56:56             1,505               108.5 
                    ----------------  --------------------  --------------- 
 
 

For further information:

Eland Oil & Gas PLC ([phone])

www.elandoilandgas.com

George Maxwell, CEO

Ronald Bain, CFO

Finlay Thomson, IR

Peel Hunt LLP, Nominated Adviser & Joint Broker ([phone])

Richard Crichton

David McKeown

Stifel Nicolaus Europe Limited, Joint Broker ([phone])

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

Camarco ([phone])

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.

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.

END

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December 12, 2018 13:16 ET (18:16 GMT)