8 Mar 2017 13:25
AdEPT Telecom plc
("AdEPT" or the "Company")
Transaction in own shares
The Company announces that on 8 March 2017 it purchased 3,909 Shares on the London Stock Exchange for cancellation at a price of 340p per Share (the "Purchase") pursuant to the general authority given to it at the Company's 2016 Annual General Meeting held on 28 September 2016 ("the 2016 BuyBack Authority").
Further details regarding the 2016 BuyBack Authority are set out at the end of this announcement.
Total voting rights
Following the Purchase and cancellation, the Company's issued share capital is 22,497,115 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 22,497,115. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For more information please contact:
AdEPT Telecom Plc Roger Wilson, Chairman Ian Fishwick, Chief Executive John Swaite, Finance Director
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07786 111 535 01892 550 225 01892 550 243
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Northland Capital Partners Limited Nominated Adviser Edward Hutton/Gerry Beaney
Broking John Howes |
020 3861 6625 |
The 2016 BuyBack Authority
The 2016 BuyBack Authority authorised the Company to make market purchases (during the period expiring at the conclusion of the 2017 Annual General Meeting, but not later than 27 January 2018) up to a maximum of 3,372,615 Shares at a price not exceeding the higher of (i) an amount equal to 5 per cent. above the average market value of the Shares for the five business days immediately preceding the date on which the Share is contracted to be purchased; and (ii) the higher of the price of the last independent trade and the current highest independent bid on the trading venue where the purchase is carried out.
A total of 19,136 Shares have now been purchased for cancellation pursuant to the 2016 BuyBack Authority.
About AdEPT Telecom plc:
AdEPT Telecom plc is one of the UK's leading independent providers of unified communications solutions. The Company provides a complete communications portfolio of fixed line calls, line rental, mobile, IP telephony, equipment installation, managed services, IT services, Wi-Fi, IT and communications hardware and data connectivity products. AdEPT's tailored services are used by thousands of customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media, Avaya, Microsoft, Dell and Apple.
AdEPT is listed on the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept-telecom.co.uk