WIN Wincanton Plc

 
TIDMWIN 
 
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 
 
 
 
END 
 

(END) Dow Jones Newswires

February 03, 2016 07:04 ET (12:04 GMT)

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