TIDMOPHR TIDMSMDR

RNS Number : 3333B

Ophir Energy Plc

05 January 2015

Ophir Energy plc

Rule 2.10 Announcement and Buyback of Own Shares

London, 5 January 2015: Ophir Energy plc (the "Company") announces that it has purchased the following number of ordinary shares of 0.25 pence each:

 
 Date of purchase                   5 January 2015 
 Number of shares purchased         450,208 
                                   --------------- 
 Highest price per share (pence)    147.95 
                                   --------------- 
 Lowest price per share (pence)     139.80 
                                   --------------- 
 Daily VWAP (pence)                 143.72 
                                   --------------- 
 

A breakdown of the prices at which these shares were purchased is set out at the end of this announcement below. The purchased shares will be all held as treasury shares. Following the purchase of these shares, the Company holds 15,360,322 of its own shares in treasury which have yet to settle.

The Company has 577,966,122 shares in issue (excluding the shares held in treasury). This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Ophir under the Financial Conduct Authority's Disclosure and Transparency Rules.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), the Company confirms that, as at the close of business on 5 January 2015, it had in issue 577,966,122ordinary shares (excluding the shares held in treasury) of 0.25 pence each with ISIN number GB00B24CT194.

Share buyback breakdown

 
 Number of ordinary shares of   Price per share (pence) 
  0.25p purchased 
 
 
 7663     139.8 
 2501     139.9 
        -------- 
 8835      140 
        -------- 
 3503     140.1 
        -------- 
 4792     140.2 
        -------- 
 1507     140.3 
        -------- 
  445    140.35 
        -------- 
 4234     140.4 
        -------- 
 7608     140.5 
        -------- 
 3111     140.6 
        -------- 
 5670    140.65 
        -------- 
 6014     140.8 
        -------- 
 7910     140.9 
        -------- 
 5001      141 
        -------- 
 3036     141.1 
        -------- 
 7737     141.2 
        -------- 
  569    141.25 
        -------- 
 4009     141.3 
        -------- 
 1308    141.35 
        -------- 
 6321     141.4 
        -------- 
 8058     141.5 
        -------- 
  864    141.525 
        -------- 
 2300    141.55 
        -------- 
 13185    141.6 
        -------- 
 2575    141.65 
        -------- 
 2507     141.7 
        -------- 
 3431    141.75 
        -------- 
 1128     141.8 
        -------- 
 1848     141.9 
        -------- 
 6889    141.95 
        -------- 
 1803      142 
        -------- 
 2114    142.05 
        -------- 
 1150     142.4 
        -------- 
 1251     142.5 
        -------- 
 4565     142.6 
        -------- 
 10517    142.7 
        -------- 
 4520     142.8 
        -------- 
 4629      143 
        -------- 
  432    143.05 
        -------- 
 1542     143.1 
        -------- 
 1371    143.15 
        -------- 
 4691     143.2 
        -------- 
  431    143.25 
        -------- 
 1039     143.3 
        -------- 
  432    143.35 
        -------- 
 7483     143.4 
        -------- 
 8736     143.5 
        -------- 
 13717    143.6 
        -------- 
 10783   143.65 
        -------- 
 11721    143.7 
        -------- 
 9003    143.75 
        -------- 
  864     143.8 
        -------- 
  432    143.95 
        -------- 
 1946      144 
        -------- 
 7480     144.1 
        -------- 
  796     144.2 
        -------- 
 1533     144.3 
        -------- 
 5999     144.5 
        -------- 
  634    144.55 
        -------- 
  182     144.6 
        -------- 
 5453     144.7 
        -------- 
 2559    144.75 
        -------- 
 2504     144.9 
        -------- 
 5999    144.95 
        -------- 
 21482     145 
        -------- 
 2048    145.05 
        -------- 
  335     145.1 
        -------- 
 3004    145.15 
        -------- 
 6818     145.2 
        -------- 
 11687    145.4 
        -------- 
 12074    145.5 
        -------- 
  532    145.55 
        -------- 
 6620     145.6 
        -------- 
 8113    145.65 
        -------- 
 10004    145.7 
        -------- 
 10645   145.75 
        -------- 
 1109     145.8 
        -------- 
 7300    145.85 
        -------- 
 16990    145.9 
        -------- 
 5934      146 
        -------- 
 5642    146.05 
        -------- 
 1001     146.1 
        -------- 
 5999    146.15 
        -------- 
 1500     146.2 
        -------- 
 5999     146.3 
        -------- 
 3000     146.4 
        -------- 
 5999    146.45 
        -------- 
 1001     146.5 
        -------- 
 1500     146.6 
        -------- 
 5999    146.85 
        -------- 
 8328     147.8 
        -------- 
  676    147.85 
        -------- 
 5999    147.95 
        -------- 
 

Ends

For Further Enquiries please contact:

Ophir Energy plc +44 (0)20 7811 2400

Nick Cooper, CEO

Chandrika Kher, Company Secretary

Brunswick Group +44 (0)20 7404 5959

Patrick Handley

Marleen Geerlof

Notes to Editors

Ophir Energy (OPHR.LN) is an, upstream oil and gas exploration company which is a member of the FTSE 250. The Group's headquarters are located in London (England), with operational offices in Perth (Australia), Malabo (Equatorial Guinea), Dar es Salaam and Mtwara (Tanzania), Libreville (Gabon) and Nairobi (Kenya).

For further information on Ophir, please refer to www.ophir-energy.com

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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