REG - Jadestone Energy PLC - Transaction in Own Shares

Jadestone EnergyAnnouncement

20/12/2022 07:00

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RNS Number : 2424K  Jadestone Energy PLC  20 December 2022

Transaction in Own Shares

 

20 December 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:                                                         19 December 2022
 Aggregate number of Ordinary Shares purchased:                            150,000
 Lowest price paid per Ordinary Share (pence per share):                   71.00
 Highest price paid per Ordinary Share (pence per share):                  71.00
 Volume weighted average price paid per Ordinary Share (pence per share):  71.00

 

Following the cancellation of the repurchased shares, the Company will have no
Ordinary Shares in treasury and 449,387,474 Ordinary Shares (excluding
treasury shares) of £0.001 par value each in issue. Therefore, the total
voting rights in the Company will be 449,387,474.

 

The figure of 449,387,474 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:          19 December 2022
 Investment firm:            Stifel Nicolaus Europe Limited

 

Individual transactions:

 Transaction date and time   Number of shares purchased  Transaction price (pence per share)  Trading venue
 19 December 2022, 08:05 AM  50,000                      71.00                                LSE
 19 December 2022, 02:40 PM  50,000                      71.00                                LSE
 19 December 2022, 03:00 PM  50,000                      71.00                                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 a 16.67% non-operated interest in the North
West Shelf Oil Project offshore Western Australia, comprising four oil fields
containing significant upside potential through potential infill drilling and
life extension activities.

 

The Company has interests in four oil producing licences offshore Peninsular
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 in the Lemang PSC, onshore
Sumatra, Indonesia, which includes the Akatara gas field development, where
first production is expected in the first half of 2024.

 

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.

 

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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