Severn Trent PLC Transaction in Own Shares (7543F)
November 16 2015 - 2:00AM
UK Regulatory
TIDMSVT
RNS Number : 7543F
Severn Trent PLC
16 November 2015
SEVERN TRENT PLC
TRANSACTION IN OWN SECURITIES
Severn Trent Plc ("Severn Trent") announces today that it has
purchased the following number of its ordinary shares of 97 17/19
pence each ("Ordinary Shares") on the London Stock Exchange from
Morgan Stanley & Co. International PLC. Such purchase was
effected pursuant to irrevocable instructions issued by Severn
Trent to Morgan Stanley & Co. International PLC on 13 February
2015, as announced on the same day:
Ordinary Shares
Date of purchase: 13 November 2015
Number of Ordinary Shares purchased: 14,488
Price per Ordinary Share: GBP21.2851
The purchased shares will be held as treasury shares.
Following the above transaction, Severn Trent holds a total of
3,202,993 of its ordinary shares in treasury and has 236,132,659
ordinary shares in issue (excluding treasury shares).
Further to the announcement made on 13 February 2015, the
irrevocable purchase programme entered into with Morgan Stanley
& Co. International PLC (the "Programme") has been completed
today in accordance with its terms. As at today's date, a total
amount of GBP90m worth of shares has been spent under the
Programme. Following the Company's interim results on 26 November
the company intends to commence a programme to repurchase
additional shares up to a value of GBP20m bringing the total
repurchase to GBP110m.
Enquiries
Investors & Analysts
0207 353 4200 (on the
David Lloyd-Seed Severn Trent Plc day)
Head of Investor Relations 02477 715000
0207 353 4200 (on the
Richard Tunnicliffe Severn Trent Plc day)
Investor Relations Manager 02477 715000
Media
Martha Walsh/Chris Hughes Tulchan Communications 02477 715000
This announcement does not constitute, or form part of, an offer
or any solicitation of an offer for securities in any
jurisdiction.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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