Eland Oil & Gas PLC Transaction in Own Shares (3317G)

TIDMELA

RNS Number : 3317G

Eland Oil & Gas PLC

23 July 2019

22 July 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:                         22 July 2019 
 Number of Ordinary Shares purchased:            42,000 
 Highest price paid per Ordinary Share:         118.800 
 Lowest price paid per Ordinary Share:          116.000 
 Volume weighted average price per 
  Ordinary Share:                               117.381 
 

Following the repurchase of the shares set out above, the Company's issued share capital consists of 220,164,155 Ordinary Shares. 3,514,653 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 216,649,502 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:                               22 July 2019 
 
 
 Aggregate Information: 
 Aggregated volume                 42,000 
 Volume weighted average price    117.381 
 Venue                               XLON 
 
 
 Individual Transactions: 
                                      ----------------------------------- 
 Date of purchase   Time of purchase  Number of Ordinary  Price paid per 
                                      Shares purchased:    Ordinary Share 
                                                                (p) 
                                                          --------------- 
    22/07/2019          09:47:49            5,000              116.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          11:51:43            5,000              116.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          14:06:00            4,600              118.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          14:09:00            1,500              117.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          14:35:41            4,000              118.8 
                    ----------------  ------------------  --------------- 
    22/07/2019          14:40:20            2,000              117.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          14:45:07            1,500              117.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          14:46:26            4,200              117.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          15:22:06            5,619              118.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          15:45:08            4,035              118.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          16:12:08             579               118.0 
                    ----------------  ------------------  --------------- 
    22/07/2019          16:29:08            3,967              118.0 
                    ----------------  ------------------  --------------- 
 
 

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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July 23, 2019 06:17 ET (10:17 GMT)