15 Jun 2017 07:00
15 June 2017
Diversified Gas & Oil PLC
("DGO" or the "Company")
Dividend announcement
Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, announced its Final Results for the year ended 31 December 2016 on 7 June 2017. The Company stated that details of the recommended final dividend would be included in the Readmission Document and the Board is pleased to announce that it is recommending a final dividend of 1.99 cents per share to be paid to Shareholders on the register on Friday 7 July 2017. Shareholders will be able to elect to receive the dividend in pounds sterling at the US dollar exchange rate on 7 July 2017, being the dividend record date.
As an illustration, based on the exchange rate at 14 June 2017 of $1.2740/£ the proposed dividend would be equivalent to 1.56 pence per share.
The dividend will be paid on Monday 31 July 2017, subject to approval at the AGM to be held on Friday 28 July 2017.
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, Finance Director www.diversifiedgasandoil.com
| + 1 (205) 408 0909
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Smith & Williamson Corporate Finance Limited (Nominated Adviser & Joint Broker) Russell Cook Katy Birkin
| +44 (0)20 7131 4000
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Mirabaud Securities LLP (Lead Broker) Peter Krens Edward Haig-Thomas
| +44 (0)20 3167 7221
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Buchanan (Financial Public Relations) Ben Romney Chris Judd Henry Wilson dgo@buchanan.uk.com
| +44 (0)20 7466 5000
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About Diversified Gas & Oil
Diversified Gas & Oil PLC owns and operates gas and oil producing wells in the Appalachian Basin, one of the largest oil and gas fields in the US. The Company was founded in 2001 and has grown rapidly in recent years, capitalising upon opportunities to acquire conventional, low risk gas and oil producing assets. DGO was admitted to trading on AIM in February 2017, raising $50 million from institutional and other investors.