Transaction in Own Shares

RNS Number : 8342U
Character Group PLC
05 December 2013
 

5 December 2013

 

The Character Group plc

("Character Group" or the "Company")

 

Transaction in Own Shares

 

 

Character Group (AIM:CCT.L) announces that, in continuing its stated objective to enhance shareholder value, on 4 December 2013 the Company bought back for cancellation 75,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market, at a price of 176 pence per Ordinary Share.  The Ordinary Shares bought back for cancellation represent approximately 0.33 per cent. of the current issued share capital of the Company (excluding shares held in treasury).

 

For the purposes of the Financial Services Authority's Disclosure 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 22,922,383 ("Revised Issued Voting Share Capital").

 

The Company has a total unutilised capacity to buy back up to a further 5,512,570 Ordinary Shares under the authority granted at the Annual General Meeting in January 2013.

 

Character Group holds 4,019,456 Ordinary Shares in treasury, representing approximately 17.54 per cent. of the Revised Issued Voting Share Capital, which do not carry voting rights.

The figure of 22,922,383 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 and Transparency Rules.

 

Enquiries:



Richard King, Chairman

Kiran Shah, Group Finance Director & Joint MD

Mark Dowding, Company Secretary

Fiona Tooley

Russell Cook

Carl Holmes




The Character Group plc

Tooley Street Communications

Charles Stanley Securities


IR & Media Relations

Nominated Adviser and Broker

Tel: +44 (0)208 329 3377

Tel: +44 (0)7785 703 523

Tel: +44 (0)207 149 6000




Ticker: AIM: CCT



 

 


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