REG - EnQuest PLC - Transaction in Own Shares

EnquestAnnouncement

03/05/2024 07:00

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RNS Number : 0855N  EnQuest PLC  03 May 2024

FOR IMMEDIATE RELEASE
 
            3 May 2024

 

ENQUEST PLC ("EnQuest" or "the Company")

TRANSACTIONS IN OWN SHARES

EnQuest PLC (the "Company") announces that, on 2 May 2024, it purchased the
following number of its ordinary shares of 5 pence each (the "Ordinary
Shares") through Merrill Lynch International ("Merrill Lynch"). Such purchase
was effected pursuant to the instructions issued by the Company in accordance
with the share repurchase arrangements entered into with Merrill Lynch, as
announced on 29 April 2024 (the "Programme").

Aggregated information of Ordinary Shares purchased on 2 May 2024 according to
each trading venue:

 Venue                  Weighted average price paid per share (GBp)  Aggregate number of shares purchased  Lowest price paid per share (GBp)  Highest price paid per share (GBp)
 London Stock Exchange  15.91                                        192,961                               15.86                              16.12
 Chi-X                  15.98                                        18,484                                15.84                              16.20
 BATS                   16.00                                        1,727                                 16.00                              16.00
 Turquoise              -                                            0                                     -                                  -
 Total (all venues)     15.92                                        213,172                               15.84                              16.20

 

Since 29 April 2024, the Company has purchased 584,851 Ordinary Shares to be
held in Treasury at a cost (including dealing and associated costs) of
£94,733.73.

It is intended that the first 25 million Ordinary Shares purchased under the
Programme will be held in Treasury for issue in due course to the Company's
Employee Benefit Trust. To the extent permitted by law, and after the initial
25 million Ordinary Shares are purchased, all additional Ordinary Shares
purchased under the Programme will be cancelled.

Following the above transaction, there will be 584,851 Ordinary Shares in
Treasury and 1,915,339,488 Ordinary Shares in issue (excluding Treasury
shares). The total voting rights in the Company will accordingly be
1,915,339,488. This figure 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, the Company under the
Disclosure and Transparency Rules.

A full breakdown of the individual trades made by Merrill Lynch on behalf of
the Company as part of the share repurchase programme is attached to this
document.

Attachment: http://www.rns-pdf.londonstockexchange.com/rns/0855N_1-2024-5-2.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0855N_1-2024-5-2.pdf)

 

LEI: 2138008LJU6WFQWOXJ73

 

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

 

Enquiries:

 

EnQuest
plc
+44 (0)20 7925 4900

Chris Sawyer, Company Secretary

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