Transaction in Own Shares

RNS Number : 7472B

Utilico Limited

20 August 2008

 



For immediate release on 20 August 2008

Utilico Limited

Transaction in Own Shares

Utilico Limited ('Utilico' or the 'Company') announces that it has today purchased 2,500,000 ordinary shares at a price of 183.00p per share for cancellation.  The Company also announces that the 880,000 ordinary shares currently held in Treasury will also be cancelled.

The buy back of 2,500,000 ordinary shares comprised 1,250,000 on market and 1,250,000 from General Provincial Life Pension Fund ('GPLPF'), the Company's largest shareholder and related party.  Following the buy back, GPLPF remains interested in 46,186,884 ordinary shares, representing 52.1 per cent. of the Company's issued share capital.

In light of the Company currently being in a close period, Utilico confirms, pursuant to LR 15.5.1(4), that all inside information which the directors and the Company may have has previously been notified to a RIS. Weekly NAVs have been and will continue to be notified to a RIS. Accordingly, the dealings referred to in LR 15.5.1(3) are permitted.

Following this purchase and the subsequent cancellation of shares held in Treasury, the Company's issued share capital consists of 88,618,323 ordinary shares with voting rights..  

The above figure (88,618,323) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, Utilico under the FSA's Disclosure and Transparency Rules.

For further information, please contact:

Utilico Limited	Arbuthnot Securities Limited
Charles Jillings	Alastair Moreton
01372 271 486	Hannah Pearce
	020 7012 2000

 

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