Transaction in Own Shares

RNS Number : 8942X

FastForward Innovations Limited

29 November 2017

 

29 November 2017

FastForward Innovations Ltd

("FastForward" or the "Company")

Transaction in Own Shares

FastForward Innovations Limited (AIM: FFWD) (the "Company") announces that, further to its announcement of 28 November 2017, it has been informed by its Broker that an additional trade took place at 16.26 on 27 November 2017, as further detailed below, pursuant to the share buyback programme (the "Buyback Programme") announced on 20 November 2017. Accordingly, the 28 November 2017 announcement should also have included the following share purchase:

Date of purchase:	27 November
Number of Ordinary Shares purchased:	50,000
Highest price paid per Ordinary Share:	£0.13
Lowest price paid per Ordinary Share:	£0.13
Volume weighted average price per Ordinary Share:	£0.13

Accordingly, following the repurchase of the shares set out above, the Company's issued share capital consists of 136,144,498 Ordinary Shares. 3,453,623 Ordinary shares are held in Treasury. For reporting under the FCA's Disclosure and Transparency Rules, Shareholders should exclude any shares held in Treasury and should use the figure of 132,690,875 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Buyback Programme.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by the Company, which were all executed through the Company's broker, Optiva Securities Limited, are set out below:

Schedule of Purchases:
Shares purchased:	FastForward Innovations Limited (ISIN: GG00BRK9BQ81)
Dates of purchase:	23 November 2017
	27 November 2017

Aggregate Information:
Aggregated volume	Volume weighted average price	Venue
295,000	£0.13	AIM market, London Stock Exchange PLC

Individual transactions
Date Time Number of shares Price per share 23 Nov 2017 Multiple 95,000 £0.13 27 Nov 2017 10:03 50.000 £0.13 27 Nov 2017 16:11 50.000 £0.13 27 Nov 2017 16:18 50.000 £0.13 27 Nov 2017 16:26 50.000 £0.13
As announced on 20 November 2017, the Company expects to announce its half year figures on 28 December 2017 and accordingly, with affect from 28 November 2017 until these are published, the Company will pause the repurchase of shares under the Buyback Programme. FastForward  Innovations Limited [e-mail] Josh Epstein / Ian Burns
Beaumont Cornish Limited (Nomad) Tel: [phone] James Biddle / Roland Cornish
Optiva Securities Limited (Broker) Tel: [phone] Ed McDermott

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of Fast Forward Innovations Ltd. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Fast Forward Innovations assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

 

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