TIDMOPHR TIDMSMDR

RNS Number : 5742E

Ophir Energy Plc

10 February 2015

Ophir Energy plc

Rule 2.10 Announcement and Buyback of Own Shares

London, 10 February 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                   10 February 2015 
 Number of shares purchased         585,000 
                                   ----------------- 
 Highest price per share (pence)    151.50 
                                   ----------------- 
 Lowest price per share (pence)     143.40 
                                   ----------------- 
 Daily VWAP (pence)                 146.70 
                                   ----------------- 
 

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 24,521,180 of its own shares in treasury which have yet to settle.

The Company has 569,289,615 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 10 February 2015, it had in issue 569,289,615 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 
 
 
 1307     143.4 
 1020     143.5 
        -------- 
 4327     143.6 
        -------- 
 3413     143.7 
        -------- 
 1335     143.8 
        -------- 
 1907     143.9 
        -------- 
 12501     144 
        -------- 
 8794     144.1 
        -------- 
 5132     144.2 
        -------- 
  972    144.225 
        -------- 
 7793     144.3 
        -------- 
  875    144.35 
        -------- 
 26078    144.4 
        -------- 
 23777    144.5 
        -------- 
 6136     144.6 
        -------- 
 9827     144.7 
        -------- 
 40891    144.8 
        -------- 
  967     144.9 
        -------- 
  861     145.1 
        -------- 
  774     145.2 
        -------- 
 1954     145.3 
        -------- 
  957    145.45 
        -------- 
 11590    145.5 
        -------- 
  882     145.7 
        -------- 
 3879     145.8 
        -------- 
  874     145.9 
        -------- 
  743      146 
        -------- 
 13925    146.1 
        -------- 
 20108    146.2 
        -------- 
 1875    146.25 
        -------- 
 4493     146.3 
        -------- 
 12216    146.4 
        -------- 
 44354    146.5 
        -------- 
 12542    146.6 
        -------- 
 1580    146.65 
        -------- 
 6073     146.7 
        -------- 
 2421     146.8 
        -------- 
 8407     146.9 
        -------- 
 48385     147 
        -------- 
 1646    147.05 
        -------- 
 6912     147.1 
        -------- 
 20061    147.2 
        -------- 
 15147    147.3 
        -------- 
 16070    147.4 
        -------- 
 9001     147.5 
        -------- 
 1868    147.55 
        -------- 
 10695    147.6 
        -------- 
 1638    147.65 
        -------- 
 9535     147.7 
        -------- 
 1770    147.75 
        -------- 
 13761    147.8 
        -------- 
 1580    147.85 
        -------- 
 6562     147.9 
        -------- 
 10192   147.95 
        -------- 
 14019     148 
        -------- 
 8210     148.1 
        -------- 
  767     148.2 
        -------- 
  877     148.3 
        -------- 
 10000    148.5 
        -------- 
  89      148.6 
        -------- 
  830     148.7 
        -------- 
  90     148.75 
        -------- 
 6580     148.8 
        -------- 
 3522     148.9 
        -------- 
 2475      149 
        -------- 
 3776     149.1 
        -------- 
 2313     149.3 
        -------- 
  796     150.3 
        -------- 
  309     150.4 
        -------- 
 2493     150.5 
        -------- 
 14570    150.6 
        -------- 
  898     150.7 
        -------- 
 3674     150.8 
        -------- 
  889     150.9 
        -------- 
 11238     151 
        -------- 
 2532     151.1 
        -------- 
  893    151.15 
        -------- 
 2566     151.2 
        -------- 
 7509     151.3 
        -------- 
  35      151.4 
        -------- 
  667     151.5 
        -------- 
 

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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