Transaction in Own Shares

RNS Number : 1552O

Inchcape PLC

04 August 2014

 

Inchcape plc

4 August 2014

Inchcape plc - Transactions in Own Shares

INCHCAPE PLC

SHARE PURCHASES

Inchcape plc (the "Company"), the leading premium automotive group, announces today that, further to its announcement on 31 July 2014 of a share buyback of up to £100 million over the following 12 months, it has today commenced this programme.  On 1 August 2014 the Company gave irrevocable instructions to J.P. Morgan Cazenove to purchase shares with a value of up to £50m on the Company's behalf during the period from 4 August 2014 until 31 December 2014 (the "Period"). The purchase of shares in the Period pursuant to the irrevocable instructions will be executed at all times only in accordance with the Company's authority to make market purchases of its shares.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

 

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