22 Jul 2016 17:56
22 July 2016
Volga Gas plc
("Volga Gas", the "Company" or the "Group")
Transaction In Own Shares
Volga Gas announces that it has purchased the following number of its ordinary shares of 10p each on AIM via Stifel Nicolaus Europe Limited.
Ordinary Shares:
Date of purchase: 21 July 2016
Number of ordinary shares purchased: 50,000
Highest price paid per share: 47.25p
Lowest price paid per share: 47.25p
Volume weighted average price per share: 47.25p
The Company purchased the shares to settle a bonus payment to its Chief Executive Officer. The shares purchased are to be registered directly in the name of Andrey Zozulya.
Following the purchase of these shares, Volga Gas holds none of its ordinary shares in treasury.
For further information, please contact:
Volga Gas plc |
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Andrey Zozulya, Chief Executive Officer Vadim Son, Chief Financial Officer Tony Alves, Investor Relations Consultant | +7 495 721 1233
+44 (0)7824 884 342 |
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Stifel Nicolaus Europe Limited (Nominated Adviser and Broker) | +44 (0)20 7710 7600 |
Callum Stewart, Ashton Clanfield |
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FTI Consulting | +44 (0)20 3727 1000 |
Edward Westropp, Alex Beagley |
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Editors' notes:
Volga Gas is an independent oil and gas exploration and production company operating in the Volga region of Russia. The company has 100% interests in its four licence areas.