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:
15 August 2019
Number of Ordinary Shares purchased:
Highest price paid per Ordinary Share:
Lowest price paid per Ordinary Share:
Volume weighted average price per Ordinary Share:
Following the repurchase of the shares set out above, the Company's issued share capital consists of 220,164,155 Ordinary Shares. 4,059,674 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 216,104,481 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 at the discretion of the Company's broker, Stifel Nicolaus Europe Limited, are set out below:
Stifel Nicolaus Europe Limited, Joint Broker (+44 (0)20 7710 7600)
Camarco (+44 (0) 203 757 4980)
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 [email protected] or visit www.rns.com.
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