Telford Homes announces that it has today repaid all outstanding loan notes in relation to the acquisition of Clifford Contracting Limited which took place on 23 June 2009.
As a result of the loan notes being repaid the Company has exercised its option to repurchase 1,130,089 ordinary shares in Telford Homes from the vendors of Clifford Contracting Limited for a total sum of £1. The Company has immediately cancelled these shares and as a result the total shares in issue have been reduced to 48,644,911.
Telford Homes Plc
Andrew Wiseman, Chief Executive Tel: +44 (0) 1992 809800
Jon Di-Stefano, Financial Director Tel: +44 (0) 1992 809800
Pascal Keane Tel: +44 (0) 20 7408 4090
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