TIDMEGY

RNS Number : 8631S

Vaalco Energy Inc

08 November 2019

8 November 2019

VAALCO Energy, Inc.

("VAALCO" or "Company")

Transaction in Own Shares

VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY), an independent energy company focused on development and production assets in West Africa, announces that it has made the following repurchase of its common shares ("Common Shares") pursuant to the share repurchase programme in accordance with Rule 10b-18 of the Securities Exchange Act of 1934 ("Exchange Act") ("Share Repurchase Programme") and written trading plan under Rule 10b5-1 of the Exchange Act ("Trading Plan"), announced on 20 June 2019. The repurchased Common Shares will be held by the Company in treasury ("Treasury").

 
 Date of purchase                                  7 November2019 
 Number of Common Shares purchased                 26,098 
 Highest price paid per Common Share               $2.00 
 Lowest price paid per Common Share                $1.96 
 Volume weighted average price per Common Share    $1.992 
 

Following the repurchase of the Common Shares set out above, the Company's share capital is as follows:

 
 Issued Common Shares                    67,492,337 
 Common Shares in Treasury               9,232,210 
 Issued and outstanding Common Shares    58,260,127 
 

For reporting under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, shareholders should exclude any Common Shares held in Treasury and should use the issued and outstanding Common Shares figure of 58,260,127 (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest, in the Company.

The Company will make further announcements in due course following the completion of any further purchases of Common Shares pursuant to the Share Repurchase Programme and Trading Plan.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, details of the purchase of Common Shares by the Company, which were all executed through the Company's broker, Roth Capital Partners, LLC, including a full breakdown of the individual trades can be found under the following link, http://bit.ly/2X2UrEg.

 
 For further information: 
 
 VAALCO Energy, Inc. (General and Investor 
  Enquiries)                                   +00 1 713 623 0801 
 Website:                                      www.vaalco.com 
  Cary Bounds, CEO / Elizabeth Prochnow, 
  CFO 
 
 Buchanan (UK Financial PR)                    +44 (0) 207 466 5000 
 Ben Romney / Chris Judd / James Husband       VAALCO@buchanan.uk.com 
 
 Al Petrie Advisors (US Investor Relations)    +00 1 713 543 3422 
 Al Petrie / Chris Delange 
 
 GMP First Energy (Financial Adviser and 
  Joint Corporate Broker)                      +44 (0) 207 448 0200 
 Jonathan Wright / Hugh Sanderson 
 
 Canaccord Genuity (Joint Corporate Broker)    +44 (0) 207 523 8000 
 Henry Fitzgerald-O'Connor / James Asensio 
 

Important Information

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

This announcement contains "forward-looking statements" and "forward-looking information" that are based on the Company's expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to the Company's business strategy with respect to the Etame Marin Block and Block P ("Projects"), plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, oil and gas reserves and resources, results of exploration, the price and demand for oil and gas and acts by the Company's partners to the respective Projects. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "likely", "believe", "estimate", "expect", "intend", "may", "would", "could", "should", "scheduled", "will", "plan", "forecast", "evolve" and similar expressions. Persons reading this announcement are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. These statements speak only as of the date of this announcement. Actual operational and financial results or events may differ materially from the Company's expectations contained in the forward-looking statements as a result of various factors, many of which are beyond the control of the Company.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

POSCKFDKABDDBDK

(END) Dow Jones Newswires

November 08, 2019 11:05 ET (16:05 GMT)

Grafico Azioni Vaalco Energy (LSE:EGY)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Vaalco Energy
Grafico Azioni Vaalco Energy (LSE:EGY)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Vaalco Energy