Character Group PLC Transaction in Own Shares & Revised TVR (1582B)
January 05 2018 - 12:48PM
UK Regulatory
TIDMCCT
RNS Number : 1582B
Character Group PLC
05 January 2018
5 January 2018
The Character Group plc
("Character Group" or the "Company")
Transaction in Own Shares
In continuing its stated objective to enhance shareholder value,
the Company announces that it has today bought-back for
cancellation 10,000 ordinary shares of 5p each in the capital of
the Company ("Ordinary Shares") in the market at a price of 455
pence per Ordinary Share. The Ordinary Shares acquired for
cancellation represent approximately 0.05 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
Guidance 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
21,001,602 ("Revised Issued Voting Share Capital").
The Company has an unutilised capacity to buy back up to a
further 2,625,200 Ordinary Shares under the authority granted at
the Annual General Meeting on 20 January 2017.
Character Group holds 2,898,506 Ordinary Shares in treasury
which do not carry voting rights, and these represent approximately
13.8 per cent. of the Revised Issued Voting Share Capital.
The figure of 21,001,602 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 Guidance 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 Company as part of the
buy-back programme.
Schedule 1: Summary of buy-back transactions
Date of purchase: 5 January 2018
----------------------------- ---------------
Number of Ordinary Shares
purchased: 10,000
----------------------------- ---------------
Highest price paid per
share (pence) 455
----------------------------- ---------------
Lowest price paid per share
(pence) 455
----------------------------- ---------------
Average price paid per
share (pence) 455
----------------------------- ---------------
Schedule 2: Details of buy-back transactions
Time Number of Ordinary Transaction price
(hh:mm Shares purchased (pence per share)
- GMT)
-------- ------------------- -------------------
13:49 10,000 455
-------- ------------------- -------------------
Enquiries:
The Character Group plc
Kiran Shah, Joint MD
Tel: +44 (0)208 329 3377
Panmure Gordon, Nominated Adviser and Joint Broker
Andrew Godber
Tom Salvesen
Tel: +44 (0)20 7886 2500
Allenby Capital Limited, Joint Broker
Nick Athanas
Katrina Perez
Tel: +44 (0)20 3328 5656
Tooley Street Communications, IR & Media Relations
Fiona Tooley
Tel: +44 (0)7785 703 523
This information is provided by RNS
The company news service from the London Stock Exchange
END
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