Vaalco Energy Inc Transaction in Own Shares (8631S)
08 Novembre 2019 - 05:05PM
UK Regulatory
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
Grafico Azioni Vaalco Energy (LSE:EGY)
Storico
Da Mar 2023 a Mar 2024