TIDMOPHR TIDMSMDR
RNS Number : 8989F
Ophir Energy Plc
25 February 2015
Ophir Energy plc
Rule 2.10 Announcement and Buyback of Own Shares
London, 25 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 25 February 2015
---------------------------- -----------------
Number of shares purchased 155,000
---------------------------- -----------------
Highest price per share
(pence) 141.00
---------------------------- -----------------
Lowest price per share
(pence) 134.90
---------------------------- -----------------
Daily VWAP (pence) 138.46
---------------------------- -----------------
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 27,208,172 of its own shares in
treasury which have yet to settle.
The Company has 566,602,623 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 25 February 2015, it had in issue 566,602,623 ordinary
shares (excluding the shares held in treasury) of 0.25 pence each
with ISIN number GB00B24CT194.
Share buyback breakdown
Number of ordinary shares Price per share (pence)
of 0.25p purchased
-------------------------- ------------------------
642 134.9
------- ------
8,623 135.2
------- ------
1,844 135.4
------- ------
4,731 135.5
------- ------
2,987 135.7
------- ------
769 136
------- ------
1,024 136.1
------- ------
909 136.2
------- ------
999 136.3
------- ------
899 136.4
------- ------
945 136.5
------- ------
590 136.9
------- ------
3,107 137
------- ------
964 137.2
------- ------
5,780 137.4
------- ------
1,019 137.7
------- ------
921 137.9
------- ------
3,046 138
------- ------
895 138.1
------- ------
1,066 138.3
------- ------
2,479 138.4
------- ------
8,527 138.5
------- ------
15,076 138.6
------- ------
3,807 138.7
------- ------
6,866 138.8
------- ------
5,544 138.9
------- ------
8,646 139
------- ------
10,774 139.1
------- ------
14,854 139.2
------- ------
1,992 139.3
------- ------
11,042 139.4
------- ------
3,704 139.6
------- ------
947 139.7
------- ------
3,770 140
------- ------
914 140.3
------- ------
8,511 140.5
------- ------
1,070 140.6
------- ------
1,996 140.8
------- ------
1,823 140.9
------- ------
898 141
------- ------
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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