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AdEPT Telecom plc (ADT)

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Monday 06 March, 2017

AdEPT Telecom plc

Transaction in Own Shares

RNS Number : 6272Y
AdEPT Telecom plc
06 March 2017
 

AdEPT Telecom plc

("AdEPT" or the "Company")

 

Transaction in own shares

 

The Company announces that on 6 March 2017 it purchased 3,383 Shares on the London Stock Exchange for cancellation at a price of 310p per Share (the "Purchase") pursuant to the general authority given to it at the Company's 2016 Annual General Meeting held on 28 September 2016 ("the 2016 BuyBack Authority").

 

Further details regarding the 2016 BuyBack Authority are below.    

 

Total voting rights

 

Following the Purchase and cancellation, the Company's issued share capital is 22,504,680 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 22,504,680. This figure 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 interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

For more information please contact:

 

AdEPT Telecom Plc

Roger Wilson, Chairman

Ian Fishwick, Chief Executive

John Swaite, Finance Director

 

 

 

07786 111 535

01892 550 225

01892 550 243

 

Northland Capital Partners Limited

Nominated Adviser

Edward Hutton/Gerry Beaney

 

Broking

John Howes

 

020 3861 6625

 

 

The 2016 BuyBack Authority 

 

The 2016 BuyBack Authority authorised the Company to make market purchases (during the period expiring at the conclusion of the 2017 Annual General Meeting or, if later, 27 January 2018) up to a maximum of 3,372,615 Shares at a price not exceeding the higher of (i) an amount equal to 5 per cent. above the average market value of the Shares for the five business days immediately preceding the date on which the Share is contracted to be purchased; and (ii) the higher of the price of the last independent trade and the current highest independent bid on the trading venue where the purchase is carried out.

 

A total of 11,531 Shares have now been purchased for cancellation pursuant to the 2016 BuyBack Authority.

 

About AdEPT Telecom plc:

AdEPT Telecom plc is one of the UK's leading independent providers of unified communications solutions.  The Company provides a complete communications portfolio of fixed line calls, line rental, mobile, IP telephony, equipment installation, managed services, IT services, Wi-Fi, IT and communications hardware and data connectivity products.  AdEPT's tailored services are used by thousands of customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media, Avaya, Microsoft, Dell and Apple.

 

AdEPT is listed on the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept-telecom.co.uk

 


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