REG - Jadestone Energy PLC - Transaction in Own Shares

Jadestone EnergyAnnouncement

14/10/2022 07:00

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RNS Number : 8726C  Jadestone Energy PLC  14 October 2022

Transaction in Own Shares

 

14 October 2022 - Singapore: Jadestone Energy plc ("Jadestone" or the
"Company"), an independent oil and gas production company focused on the
Asia-Pacific region, announces that, in accordance with the terms of its share
buyback programme announced on 2 August 2022, it has purchased the following
number of ordinary shares of £0.001 each in the capital of the Company
("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel"). The
repurchased shares will be cancelled.

 

 Date of purchase:                                                         13 October 2022
 Aggregate number of Ordinary Shares purchased:                            25,000
 Lowest price paid per Ordinary Share (pence per share):                   70.00
 Highest price paid per Ordinary Share (pence per share):                  70.00
 Volume weighted average price paid per Ordinary Share (pence per share):  70.00

 

Following the cancellation of the repurchased shares, the Company will have no
ordinary shares in treasury and 456,319,916 Ordinary Shares (excluding
treasury shares) of £0.001 par value each in issue. Therefore, the total
voting rights in the Company will be 456,319,916.

 

The figure of 456,319,916 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
FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation) as in force in the UK by virtue of the European Union
(Withdrawal) Act 2018, the table below contains detailed information of the
individual trades made by Stifel as part of the buyback programme.

 

Schedule of purchases:

 

 Ordinary Shares purchased:  Jadestone Energy plc (ISIN: GB00BLR71299)
 Date of purchases:          13 October 2022
 Investment firm:            Stifel Nicolaus Europe Limited

 

Individual transactions:

 

 Transaction date and time  Number of shares purchased  Transaction price (pence per share)  Trading venue
 13 October 2022, 04:37 PM   25,000                     70.00                                LSE

 

 

For further information, please contact:

 

 Jadestone Energy plc
 Paul Blakeley, President and CEO                      +65 6324 0359 (Singapore)
 Bert-Jaap Dijkstra, CFO
 Phil Corbett, Investor Relations Manager              +44 7713 687467 (UK)
                                                       ir@jadestone-energy.com (mailto:ir@jadestone-energy.com)

 Stifel Nicolaus Europe Limited (Nomad, Joint Broker)  +44 (0) 20 7710 7600 (UK)
 Callum Stewart
 Jason Grossman
 Ashton Clanfield

 Jefferies International Limited (Joint Broker)        +44 (0) 20 7029 8000 (UK)
 Tony White
 Will Soutar

 Camarco (Public Relations Advisor)                    +44 (0) 203 757 4980 (UK)
 Billy Clegg                                           jse@camarco.co.uk (mailto:jse@camarco.co.uk)
 Georgia Edmonds
 Elfie Kent

 

About Jadestone Energy

 

Jadestone Energy plc is an independent oil and gas company focused on the
Asia-Pacific region.  It has a balanced, low risk, full cycle portfolio of
development, production and exploration assets in Australia, Malaysia,
Indonesia and Vietnam.

 

The Company has a 100% operated working interest in the Stag oilfield and in
the Montara project, both offshore Australia. Both the Stag and Montara assets
include oil producing fields, with further development and exploration
potential.  The Company also has interests in four oil producing licences
offshore Peninsula Malaysia; two operated and two non-operated positions.
Further, the Company has a 100% operated working interest in two gas
development blocks in Southwest Vietnam, and an operated 100% interest
(assuming completion of the Hexindo stake acquisition, as announced in
November 2021) in the Lemang PSC, onshore Sumatra, Indonesia, which includes
the Akatara gas field.

 

In addition, the Company has executed a sale and purchase agreement ("SPA") to
acquire a 16.67% working interest in the North West Shelf Oil Project,
offshore Western Australia, which is expected to complete in the fourth
quarter of 2022. The Company has also signed an SPA to acquire a 69% operated
working interest in the Maari Project, shallow water offshore New Zealand, and
is working with the seller to obtain final New Zealand government approvals.
 

 

Led by an experienced management team with a track record of delivery, who
were core to the successful growth of Talisman's business in Asia, the Company
is pursuing an acquisition strategy focused on growth and creating value
through identifying, acquiring, developing and operating assets in the
Asia-Pacific region.

 

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market
of the London Stock Exchange (AIM: JSE).  The Company is headquartered in
Singapore.  For further information on the Company please visit
www.jadestone-energy.com (http://www.jadestone-energy.com) .

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

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