Transaction in Own Shares

RNS Number : 4098T

Coral Products PLC

25 March 2021

 

Coral Products plc

("Coral" or the "Company")

Transaction in Own Shares

Coral Products plc (AIM: CRU), a specialist in the design, manufacture and supply of plastic products,  announces that on 24 March 2021, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 13 January 2021, the Company purchased 500,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 11.5 pence each (the "Transaction").

The Board believes buying back shares at the current price represents an outstanding opportunity to buy back into treasury shares which can then be issued to fulfil the anticipated exercise of existing share options or in part payment for any future acquisition.

The Ordinary Shares which have been purchased will be held in treasury. Following the Transaction, the Company holds 500,000 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 85,442,534 shares which may be used by shareholders as the denominator for the calculations 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 and Transparency Rules.

For further information please contact:

Coral Products plc Joe Grimmond, Non-Executive Chairman	Tel: [phone]
Nominated Adviser & Broker WH Ireland Limited Adrian Hadden Darshan Patel Lydia Zychowska Jasper Berry (Corporate Broking)	Tel: [phone]
Capital Markets Consultants Limited Richard Pearson	Tel: [phone]

 

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