TIDMOPHR TIDMSMDR

RNS Number : 6838D

Ophir Energy Plc

30 January 2015

Ophir Energy plc

Rule 2.10 Announcement and Buyback of Own Shares

London, 30 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                   30 January 2015 
---------------------------------  ---------------- 
 Number of shares purchased         510,000 
---------------------------------  ---------------- 
 Highest price per share (pence)    136.00 
---------------------------------  ---------------- 
 Lowest price per share (pence)     130.30 
---------------------------------  ---------------- 
 Daily VWAP (pence)                 133.72 
---------------------------------  ---------------- 
 

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 22,609,530 of its own shares in treasury which have yet to settle.

The Company has 571,201,265 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 30 January 2015, it had in issue 571,201,265 ordinary 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 
-----------------------------  ------------------------ 
 
 
 1029    130.3 
------  ------- 
 1451    130.8 
------  ------- 
  744    130.9 
------  ------- 
 30761    131 
------  ------- 
 5308    131.1 
------  ------- 
  725    131.15 
------  ------- 
 12959   131.2 
------  ------- 
 7334    131.3 
------  ------- 
  819    131.35 
------  ------- 
 8111    131.4 
------  ------- 
 12580   131.5 
------  ------- 
 21158   131.6 
------  ------- 
 3046    131.7 
------  ------- 
 5665    131.8 
------  ------- 
 3823    131.9 
------  ------- 
  840     132 
------  ------- 
 4174    132.1 
------  ------- 
 6914    132.2 
------  ------- 
 4436    132.3 
------  ------- 
  440    132.35 
------  ------- 
 8382    132.4 
------  ------- 
 10065   132.5 
------  ------- 
 3680    132.6 
------  ------- 
 9465    132.7 
------  ------- 
 5233    132.8 
------  ------- 
 1974    132.9 
------  ------- 
 4650     133 
------  ------- 
 9425    133.1 
------  ------- 
 2427    133.2 
------  ------- 
 2499    133.3 
------  ------- 
 14762   133.4 
------  ------- 
  701    133.65 
------  ------- 
 12251   133.7 
------  ------- 
 5861    133.8 
------  ------- 
 1727    133.85 
------  ------- 
 16275   133.9 
------  ------- 
 14312    134 
------  ------- 
 1566    134.05 
------  ------- 
 8204    134.1 
------  ------- 
 5452    134.2 
------  ------- 
 27699   134.3 
------  ------- 
 3582    134.4 
------  ------- 
 14566   134.5 
------  ------- 
 10588   134.6 
------  ------- 
 16545   134.7 
------  ------- 
 5544    134.8 
------  ------- 
 10702   134.9 
------  ------- 
 45144    135 
------  ------- 
 6177    135.1 
------  ------- 
 2964    135.2 
------  ------- 
 7074    135.3 
------  ------- 
 2775    135.4 
------  ------- 
 5231    135.5 
------  ------- 
 1868    135.6 
------  ------- 
  865    135.7 
------  ------- 
  727    135.75 
------  ------- 
 4042    135.8 
------  ------- 
  350    135.85 
------  ------- 
 6575    135.9 
------  ------- 
 65754    136 
------  ------- 
 

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

RTTWGUUPGUPAGMU

Salamander Energy (LSE:SMDR)
Historical Stock Chart
From Jul 2024 to Aug 2024 Click Here for more Salamander Energy Charts.
Salamander Energy (LSE:SMDR)
Historical Stock Chart
From Aug 2023 to Aug 2024 Click Here for more Salamander Energy Charts.