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National Express (NEX)

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Tuesday 06 March, 2012

National Express

Treasury Stock

RNS Number : 7826Y
National Express Group PLC
06 March 2012
 



 

 

 

NATIONAL EXPRESS GROUP PLC

 

National Express Group PLC (the "Company") announces that yesterday it sold 1,668,688 of its ordinary shares of 5p each held as Treasury Shares. The price at which the shares were sold was 238.9567 pence.  Following the sale of the shares the Company no longer holds any shares as Treasury Shares and the ordinary issued share capital of the Company now consists of 511,726,026 ordinary shares of 5 pence each.

 

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

 

The proceeds generated by the sale of the Treasury Shares will be used to fund the purchase in the market of shares in the Company by IFG Corporate Services Limited (the Company's employee benefits trust) in order to satisfy options granted or the vesting of any awards made under any share scheme or incentive arrangements established by the Company.

 

For further information, please contact

 

Michael Hampson

Company Secretary and General Counsel

0207 805 3807

 

6 March 2012


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