Trinity Exploration & Production Transaction in Own Shares & Completion of Buyback (1010E)
27 Junio 2023 - 11:00AM
UK Regulatory
TIDMTRIN
RNS Number : 1010E
Trinity Exploration & Production
27 June 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.
27 June 2023
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Transaction in Own Shares and Completion of Buyback
Programme
Trinity Exploration & Production plc (AIM: TRIN), the
independent E&P company focused on Trinidad and Tobago ,
announces that today it purchased 6,000 of its ordinary shares of
USD 0.01 each ("Ordinary Shares"), at an average price of 85 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 Number Highest Lowest Volume Venue
purchase of Ordinary price paid price paid weighted
Shares purchased (GBp) (GBp) average
price paid
per share
(GBp)
27 June
2023 6,000 85 85 85 AIM
------------------ ------------ ------------ ------------ ------
To date, Trinity has purchased 117,000 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 Transaction price Time of Transaction Trading Venue
Shares purchased (GBp)
6,000 85 08:11 AIM
------------------ -------------------- --------------
Completion of Buyback Programme
The buyback programme was conducted within the limitations of
the authority granted by shareholders to the Board of Trinity at
the Company's last annual general meeting ("AGM") held on 29 June
2022 and this authority expired at the conclusion of the 2023 AGM
held today. Consequently, this buyback programme has been
concluded.
Company shareholding in treasury and Total Voting Rights
Following the above transaction, Trinity holds 1,549,000 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 38,335,637.
This above figure of 38,335,637 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
Jeremy Bridglalsingh, Chief Executive Officer
Julian Kennedy, Chief Financial Officer
Nick Clayton, Non- Executive Chairman
SPARK Advisory Partners Limited
(Nominated Adviser and Financial Adviser)
Mark Brady
James Keeshan +44 (0)20 3368 3550
Cenkos Securities PLC (Broker)
Leif Powis +44 (0)20 7397 8900
Neil McDonald +44 (0)131 220 6939
Vigo Consulting Limited trinity@vigoconsulting.com
Finlay Thomson / Patrick d'Ancona +44 (0)20 739 0 0230
About Trinity ( 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 2022 was 17.96 mmbbls. Group 2C contingent resources
are estimated to be 48.88 mmbbls. The Group's overall 2P plus 2C
volumes are therefore 66.84 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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END
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