Global Fixed Income Realisation Ltd Share Buyback (8518F)
May 22 2017 - 8:16AM
UK Regulatory
TIDMGFIR
RNS Number : 8518F
Global Fixed Income Realisation Ltd
22 May 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE
REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME
WOULD BE UNLAWFUL.
GLOBAL FIXED INCOME REALISATION LIMITED
FURTHER RE: SHARE BUYBACK
Further to the announcement of 5 May 2017, the Board of Global
Fixed Income Realisation Limited announces that no Shares were
offered to the Company for repurchase at the proposed Buyback price
of 14p.
The Board believes that it remains in the interests of
Shareholders to distribute the Company's capital deemed surplus to
working capital requirements. Therefore the Board reserves the
right to exercise the Company's authority to buy back Shares for
cancellation in the secondary market.
Whether the Company buys back any Shares and the price paid on
any such buybacks will be at the discretion of the Board, save that
any buybacks will be subject to the requirement of the 2016 AGM
authority that any buyback be made at a price not more than 105% of
the average market price of the Shares for the preceding five
business days.
Enquiries
Numis Securities Limited
Nathan Brown, Corporate Broking and Advisory
Tel. +44 (0) 20 7260 1426
Email: n.brown@numis.com
Praxis Fund Services Limited
Tel. +44 (0)1481 737 600
Notes
Capitalised terms used in this announcement shall have the
meaning given to them in the Company's anouncement dated 5 May 2017
unless the context otherwise requires.
Numis Securities Limited is acting only for the Company in
connection with the matters described in this announcement and is
not acting for or advising any other person, or treating any other
person as its client, in relation thereto and will not be
responsible for providing the regulatory protection afforded to
clients of Numis Securities Limited or advice to any other person
in relation to the matters contained herein.
This announcement has been issued through the Companies
Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ISESELFEEFWSEFI
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