Transaction in Own Shares & Revised TVR

RNS Number : 1582B
Character Group PLC
05 January 2018
 

5 January 2018

 

The Character Group plc

("Character Group" or the "Company")

 

Transaction in Own Shares

 

In continuing its stated objective to enhance shareholder value, the Company announces that it has today bought-back for cancellation 10,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at a price of 455 pence per Ordinary Share.  The Ordinary Shares acquired for cancellation represent approximately 0.05 per cent. of the current issued share capital of the Company (excluding shares held in treasury).

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the total number of Ordinary Shares in issue as at the date of this notice (taking into account, the Ordinary Shares purchased for cancellation by the Company announced above and excluding Ordinary Shares held in treasury) is 21,001,602 ("Revised Issued Voting Share Capital").

The Company has an unutilised capacity to buy back up to a further 2,625,200 Ordinary Shares under the authority granted at the Annual General Meeting on 20 January 2017.

Character Group holds 2,898,506 Ordinary Shares in treasury which do not carry voting rights, and these represent approximately 13.8 per cent. of the Revised Issued Voting Share Capital.

The figure of 21,001,602 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or change to their interest, in the Company under the Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains a summary of and detailed information about the purchases made by Panmure Gordon (UK) Limited on behalf of the Company as part of the buy-back programme.

Schedule 1: Summary of buy-back transactions

 

Date of purchase:

5 January 2018

Number of Ordinary Shares purchased:

10,000

Highest price paid per share (pence)

455

Lowest price paid per share (pence)

455

Average price paid per share (pence)

455

 

Schedule 2: Details of buy-back transactions

 

Number of Ordinary Shares purchased

Transaction price

(pence per share)

13:49

10,000

455

 

 

Enquiries:

The Character Group plc 

Kiran Shah, Joint MD

Tel: +44 (0)208 329 3377

 

Panmure Gordon, Nominated Adviser and Joint Broker

Andrew Godber

Tom Salvesen

Tel: +44 (0)20 7886 2500

 

Allenby Capital Limited, Joint Broker

Nick Athanas

Katrina Perez

Tel: +44 (0)20 3328 5656

 

Tooley Street Communications, IR & Media Relations

Fiona Tooley

Tel: +44 (0)7785 703 523


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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