Share Buy Back

RNS Number : 3714G

D4T4 Solutions PLC

17 March 2020

 

D4t4 Solutions Plc

(the "Group" or "D4t4")

'ALL ABOUT THE DATA'

'SOLUTIONS FOR COMPLEX DATA PROBLEMS'

Share Buy-back Programme

D4t4 Solutions Plc (AIM: D4T4) announces that it will, with immediate effect, commence a £500,000 share buy-back programme in relation to ordinary shares of 2p each in the capital of the Company ("Ordinary Shares").

The Company has today irrevocably instructed finnCap Ltd ("finnCap") to manage the Buy-back on its behalf during the period commencing today and ending on 25 May 2020, or when the maximum purchase of Ordinary Shares level has been reached, if earlier. finnCap will retain full discretion in relation to any decisions to purchase Ordinary Shares.

Any Buy-backs will be effected in accordance with the terms of the Company's general authority to make market purchases of its own Ordinary Shares granted to it by shareholders on 22 August 2019 (the "Authority"), including that the maximum price paid per Ordinary Share is to be no more than 105 per cent. of the average middle market closing price of an Ordinary Share for the five business days preceding the date of any Buy-back.

The Company intends to hold all Ordinary Shares so purchased in treasury for the purpose of satisfying future obligations in relation to its employees' or other share schemes.

Due to the limited liquidity in the issued Ordinary Shares, a buy-back of Ordinary Shares pursuant to the Authority on any given trading day is likely to represent a significant proportion of the daily trading volume in the Ordinary Shares on AIM and is likely to exceed 25 per cent. of the average daily trading volume and, accordingly, the Company will not benefit from the exemption contained in Article 5(1) of Regulation (EU) No. 596/2014.

The Company will make further announcements in due course following any share repurchases.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. ENQUIRIES

For further information please contact: D4t4 Solutions Plc Peter Kear, Chief Executive Officer Charles Irvine, Chief Financial Officer Tel: [phone] email: [e-mail] finnCap (Nominated adviser & broker) Julian Blunt/Hannah Boros - Corporate Finance Alice Lane - ECM Tel: [phone] Instinctif Partners Adrian Duffield/ Kay Larsen/ Chantal Woolcock Tel: [phone]

About D4t4 Solutions Plc AIM: D4T4 D4t4 Solutions Plc is "ALL ABOUT THE DATA."  We are energetically focused on solutions that enable clients who operate from within the financial services and consumer sectors to get the most from their data.  From collection, through to management and analysis, we provide comprehensive products and services that drive value from our clients' information assets.  We are accredited in ISO27001: Information Security Management and we are PCI Data Security Compliant. To find out more, visit www.d4t4solutions.com

 

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