Transaction in Own Shares
21st Nov 2024 07:00
FOR IMMEDIATE RELEASE 21 November 2024
ENQUEST PLC ("EnQuest" or "the Company")
TRANSACTIONS IN OWN SHARES
EnQuest PLC (the "Company") announces that, on 20 November 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.
Aggregated information of Ordinary Shares purchased on 20 November 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 | 11.81 | 255,866 | 11.68 | 11.86 |
Chi-X | 11.79 | 16,383 | 11.68 | 11.80 |
BATS | 11.78 | 2,234 | 11.78 | 11.78 |
Turquoise | - | 0 | - | - |
Total (all venues) | 11.81 | 274,483 | 11.68 | 11.86 |
Since 29 April 2024, the Company has purchased 47,748,228 Ordinary Shares at a cost (including dealing and associated costs) of £6,113,769.39. Of those shares, 25,000,000 Ordinary Shares have been retained in Treasury and will be issued in due course to the Company's Employee Benefit Trust and 22,748,228 Ordinary Shares have been purchased for cancellation.
Following the cancellation of the purchased shares, there will be 1,893,176,111 Ordinary Shares in issue and 25,000,000 Shares in Treasury. The total voting rights in the Company will accordingly be 1,868,176,111.
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 Guidance 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/0420N_1-2024-11-20.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
Kate Christ, Company Secretary