For Immediate Release
3 February
2016
Wincanton plc
('Wincanton' or
the 'Company)
Transaction in own
shares
Wincanton plc announces its intention to make purchases of its
own shares commencing today until 31 March
2016 (unless terminated earlier). The purchases will be
conducted in accordance with the authorisation granted to the
Company by shareholders at the Annual General Meeting (AGM) held on
16 July 2015. It is intended that the
ordinary shares purchased will be gifted by the Company to the
Wincanton Employee Benefit Trust in order to satisfy future
exercises of share option awards made to employees under the
Company's employee share incentive schemes.
Any purchases will be effected over the period within certain
pre-set parameters and limits approved at the Company's AGM held on
16 July 2015.
The main parameter is that the maximum price paid is to be
limited to no more than the higher of (i) an amount equal to 105
per cent. of the average middle market quotations for an ordinary
share in the Company as derived from The London Stock Exchange
Daily Official List for the 5 business days immediately preceding
the date on which such share is contracted to be purchased and (ii)
the amount stipulated by Article 5(1) of the EU Buy-Back and
Stabilisation Regulation (being the higher of the price of the last
independent trade and the highest current independent bid for an
ordinary share in the Company on the trading venues where the
market purchases by the Company pursuant to the authority conferred
by the shareholders will be carried on).
Notifications will be made when any share purchases have been
made in accordance with Listing Rule 12.4.6.
ENDS
For further information please contact:
Wincanton plc
Adrian Colman, Chief Executive
01249 710 000
Buchanan
Richard Oldworth, Gabriella
Clinkard, Jane Glover
020 7466 5000