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Regulatory News


Transaction in Own Shares

Thu, 6th Dec 2018 17:52


RNS Number : 7428J
Eland Oil & Gas PLC
06 December 2018

6 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:

6 December 2018

Number of Ordinary Shares purchased:

65,000

Highest price paid per Ordinary Share:

108.500

Lowest price paid per Ordinary Share:

104.000

Volume weighted average price per Ordinary Share:

106.808

Following the repurchase of the shares set out above, the Company's issued share capital consists of 220,164,155 Ordinary Shares. 732,792 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 219,431,363 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:

6 December 2018

Aggregate Information:

Aggregated volume

65,000

Volume weighted average price

106.808

Venue

XLON

Individual Transactions:

Date of purchase

Time of purchase

Number of Ordinary Shares purchased:

Price paid per Ordinary Share (p)

06/12/18

08:38:23

25,000

108.5

06/12/18

08:43:17

1,900

107.5

06/12/18

08:43:42

2,000

107.5

06/12/18

08:43:42

15

107.5

06/12/18

08:48:28

118

107.5

06/12/18

09:13:42

99

107.5

06/12/18

09:19:14

104

107.5

06/12/18

09:59:47

143

107.5

06/12/18

09:59:54

2,567

107.5

06/12/18

10:03:26

3,054

107.5

06/12/18

10:03:52

2,100

106.5

06/12/18

10:03:52

136

106.5

06/12/18

10:05:38

147

106.5

06/12/18

10:06:38

3,399

106.5

06/12/18

10:06:52

4,218

106.5

06/12/18

10:21:54

2,350

105.0

06/12/18

10:29:39

50

105.0

06/12/18

10:35:49

82

105.0

06/12/18

10:42:18

12

105.0

06/12/18

10:48:51

53

105.0

06/12/18

11:52:09

7,453

105.0

06/12/18

14:56:26

10,000

104.0

For further information:

Eland Oil & Gas PLC (+44 (0)1224 737300)

www.elandoilandgas.com

George Maxwell, CEO

Ronald Bain, CFO

Finlay Thomson, IR

Peel Hunt LLP, Nominated Adviser & Joint Broker (+44 (0)20 7418 8900)

Richard Crichton

David McKeown

Stifel Nicolaus Europe Limited, Joint Broker (+44 (0)20 7710 7600)

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

Camarco (+44 (0) 203 757 4980)

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 rns@lseg.com or visit www.rns.com.
END
POSLLFEDFLLRIIT


Related Shares:
Eland Oil & Gas (ELA)



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