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 92,000 of its ordinary shares of 50p each at 1142.09 pence per share through Deutsche Bank AG, all of which are to be cancelled. This purchase equates to approximately 0.03 per cent of AMEC's current issued share capital excluding Treasury shares prior to this purchase.
The highest purchase price paid was 1148.00 pence per share and the lowest purchase price paid was 1130.00 pence per share.
The Company also notifies that 429 shares held in Treasury were today transferred to share scheme participants.
Following this change AMEC's total issued share capital is 322,507,275 ordinary shares, of which 6,353,855 are registered as Treasury Shares, leaving a balance of 316,153,420 shares with voting rights.
Cumulative purchases to date under the buyback programme amount to approximately £189.50 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.
This information is provided by RNS
The company news service from the London Stock Exchange
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.