On 21 February 2012, AMEC plc ("the Company") announced that it intended to complete a £400 million share buyback programme within the next twelve months.
Today the Company announces that it has purchased 77,000 of its ordinary shares of 50p each at 1064.05 pence per share through Deutsche Bank AG, all of which are to be cancelled. This purchase equates to approximately 0.02 per cent of AMEC's current issued share capital excluding Treasury shares prior to this purchase.
The highest purchase price paid was 1070.00 pence per share and the lowest purchase price paid was 1057.00 pence per share.
Following this change AMEC's total issued share capital is 324,369,275 ordinary shares, of which 6,354,468 are registered as Treasury Shares, leaving a balance of 318,014,807 shares with voting rights.
Cumulative purchases to date under the buyback programme amount to approximately £168.97 million.
Going forward, it is the Company's intention that the significant majority of the shares purchased under this programme will be cancelled.
AMEC plc +44 (0)20 7539 5800
Sue Scholes - Director of Communications
Nicola-Jane Brooks - Head of Investor Relations
AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, minerals and metals, clean energy, environment and infrastructure markets. With annual revenues of some £3.3 billion, AMEC designs, delivers and maintains strategic and complex assets and employs over 27,000 people in around 40 countries worldwide. See amec.com.
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