REG - Trinity Exploration - Transaction in Own Shares

Trinity Exploration & ProductionAnnouncement

26/05/2023 12:00

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RNS Number : 8384A  Trinity Exploration & Production  26 May 2023

 

This announcement contains inside information as stipulated under the UK
version of the Market Abuse Regulation No 596/2014 which is part of English
Law by virtue of the European (Withdrawal) Act 2018, as amended.  On
publication of this announcement via a Regulatory Information Service, this
information is considered to be in the public domain.

 

26 May 2023

 

Trinity Exploration & Production plc

("Trinity" or "the Group" or "the Company")

 

Transaction in Own Shares

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P
company focused on Trinidad and Tobago, announces that today it purchased
15,000 of its ordinary shares of USD 0.01 each ("Ordinary Shares"), at an
average price of 78 pence per Ordinary Share, pursuant to instructions issued
by Trinity as part of its share buyback programme, as announced on 28 April
2023.

Aggregated information on Ordinary Shares purchased according to trading value

 Date of purchase  Number of Ordinary Shares purchased  Highest price paid (GBp)  Lowest price paid (GBp)  Volume weighted average price paid per share (GBp)  Venue
 26 May 2023       15,000                               78                        78                       78                                                  AIM

 

To date, Trinity has purchased 54,000 Ordinary Shares in aggregate in
connection with this share buyback programme.  Trinity intends to hold the
purchased Ordinary Shares in treasury.

Transaction details

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
596/2014, as it forms part of Retained EU Law as defined in the European Union
(Withdrawal) Act 2018, a full breakdown of the individual purchases of
Ordinary Shares made by Cenkos, on behalf of the Company as part of the share
buy-back programme, is detailed below.

 Number of Ordinary Shares purchased  Transaction price (GBp)  Time of Transaction  Trading Venue
 15,000                               78                       08:03                AIM

 

 

Company shareholding in treasury and Total Voting Rights

Following the above transaction, Trinity holds 1,486,000 of its Ordinary
Shares in treasury and has 39,884,637 Ordinary Shares in issue (including
treasury shares).  Therefore, the total voting rights in the Company is
38,398,637.

This above figure of 38,398,637 is the total number of voting rights and may
be used by shareholders (and others with notification obligations) as the
denominator for the calculation by which they determine if they are required
to notify their interest in, or a change to their interest in, the Company
under the Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.

 

 

Enquiries:

 Trinity Exploration & Production plc            Via Vigo Consulting

 Nick Clayton, Non- Executive Chairman

 Jeremy Bridglalsingh, Chief Executive Officer

 Julian Kennedy, Chief Financial Officer

 SPARK Advisory Partners Limited                 +44 (0)20 3368 3550

 (Nominated Adviser and Financial Adviser)

 Mark Brady

 James Keeshan

 Cenkos Securities PLC (Broker)                  +44 (0)20 7397 8900

 Leif Powis                                      +44 (0)131 220 6939

 Neil McDonald

 Vigo Consulting Limited                         trinity@vigoconsulting.com

 Finlay Thomson / Patrick d'Ancona               +44 (0)20 7390 0230

 

About Trinity (www.trinityexploration.com (http://www.trinityexploration.com)
)

 

Trinity is an independent oil production company focused solely on Trinidad
and Tobago.  Trinity operates producing and development assets both onshore
and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's
portfolio includes current production, significant near-term production growth
opportunities from low-risk developments and multiple exploration prospects
with the potential to deliver meaningful reserves/resources growth.  The
Company operates all of its ten licences and, across all of the Group's
assets, management's estimate of the Group's 2P reserves as at the end of 2021
was 19.73 mmbbls. Group 2C contingent resources are estimated to be 47.22
mmbbls. The Group's overall 2P plus 2C volumes are therefore 66.95 mmbbls.

 

Trinity is quoted on AIM, a market operated and regulated by the London Stock
Exchange Plc, under the ticker TRIN.

 

 

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