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.
Further to the announcement on 21 December 2012 of its irrevocable, non-discretionary Prohibited Period Share Repurchase Programme, the Company announces that under the terms of that programme it has today purchased for cancellation 160,000 ordinary shares in the Company at a price of 1053.6021 pence per share through Bank of America Merrill Lynch. This purchase equates to approximately 0.05 per cent of AMEC's current issued share capital excluding Treasury shares prior to this purchase.
The highest purchase price paid was 1063.00 pence per share and the lowest purchase price paid was 1045.00 pence per share.
Following this change AMEC's total issued share capital is 306,906,570 ordinary shares, of which 7,071,943 are registered as Treasury Shares, leaving a balance of 299,834,627 shares with voting rights.
Cumulative purchases to date under the buyback programme amount to approximately £368.92 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 7429 7500
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, mining, 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 29,000 people in around 40 countries worldwide. See amec.com.
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