Character Group PLC Transaction in Own Shares (3711T)
October 11 2017 - 12:34PM
UK Regulatory
TIDMCCT
RNS Number : 3711T
Character Group PLC
11 October 2017
Wednesday, 11 October 2017
The Character Group plc
Designers, developers and international distributor of toys,
games and giftware
("Character Group" or the "Company")
Transaction in Own Shares
In continuing its stated objective to enhance shareholder value,
Character Group (AIM: CCT.L) announces that it has today
bought-back for cancellation 70,000 ordinary shares of 5p each in
the capital of the Company ("Ordinary Shares") in the market at a
price of 385 pence per Ordinary Share. The Ordinary Shares acquired
for cancellation represent approximately 0.33 per cent. of the
current issued share capital of the Company (excluding shares held
in treasury).
For the purposes of the Financial Conduct Authority's Disclosure
and Transparency Rules, the total number of Ordinary Shares in
issue as at the date of this notice (taking into account the
Ordinary Shares purchased for cancellation by the Company announced
above and excluding Ordinary Shares held in treasury) is 20,989,102
("Revised Issued Voting Share Capital").
The Company has an unutilised capacity to buy back up to a
further 2,822,700 Ordinary Shares under the authority granted at
the Annual General Meeting on 20 January 2017.
Character Group holds 3,108,506 Ordinary Shares in treasury
which do not carry voting rights and these represent approximately
14.81 per cent. of the Revised Issued Voting Share Capital.
The figure of 20,989,102 may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest, or change to their
interest, in the Company under the Disclosure and Transparency
Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), the schedule below contains
a summary of and detailed information about the purchases made by
Panmure Gordon (UK) Limited on behalf of the Group as part of the
buy-back programme.
Schedule 1: Summary of buy-back transactions:
Date of purchase: 11 October 2017
-------------------- ----------------
Number of Ordinary
Shares purchased: 70,000
-------------------- ----------------
Highest price paid
per share (pence) 385
-------------------- ----------------
Lowest price paid
per share (pence) 385
-------------------- ----------------
Average price paid
per share (pence) 385
-------------------- ----------------
Schedule 2: Details of buy-back transactions:
Time Number of Ordinary Transaction
(hh: mm - GMT) Shares purchased price
(pence per share)
---------------- ------------------- -------------------
13.54 70,000 385
---------------- ------------------- -------------------
Enquiries:
The Character Group plc
Kiran Shah, Joint MD
Office: +44 (0) 20 8329 3377
Email: info@charactergroup.plc.uk
www.thecharacter.com
Panmure Gordon (Nominated Adviser and Joint Broker)
Andrew Godber, Investment Banking
Tom Salvesen, Corporate Broking
Tel: +44 (0) 20 7886 2500
Allenby Capital Limited (Joint Broker)
Nick Athanas
Katrina Perez
Tel: +44 (0) 20 3328 5656
TooleyStreet Communications Limited (investor
and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
Email: fiona@tooleystreet.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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