PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCharacter Regulatory News (CCT)

Share Price Information for Character (CCT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 319.00
Bid: 312.00
Ask: 326.00
Change: -4.00 (-1.24%)
Spread: 14.00 (4.487%)
Open: 319.00
High: 320.00
Low: 319.00
Prev. Close: 323.00
CCT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Statement re Share buy-backs

12 Dec 2018 07:00

RNS Number : 1779K
Character Group PLC
12 December 2018
 

Wednesday,12 December 2018

 

 

The Character Group plc

("Company")

Share buy-backs

 

The Company will from 12 December 2018 commence a new share buy-back programme in the market (the "Programme").

The Company was granted an authority to buy-back issued ordinary shares of 5 pence each in the Company ("Ordinary Shares") at the Annual General Meeting of the Company held on 19 January 2018 (the "Authority"). Prior to the date of this announcement, the Company has effected share buy-backs pursuant to the Authority in respect of a total of 21,200 Ordinary Shares and currently has an un-utilised capacity under the Authority to buy-back up to a further 3,120,700 issued Ordinary Shares. At the forthcoming Annual General Meeting of the Company to be held on 18 January 2019, the Authority will lapse and a resolution is to be proposed to renew this authority in respect of 3,183,000 Ordinary Shares (the "New Authority").

The Programme will provisionally end, unless terminated earlier, on 18 January 2019 but, if the New Authority is granted, will automatically be extended until 17 January 2020. The maximum amount of money allocated to the Programme is £5 million and the maximum number of Ordinary Shares that may be purchased under the Programme is 1 million Ordinary Shares.

The Company remains committed to its previously stated objective to enhance shareholder value and reserves the right to exercise the Authority and, if granted, the New Authority and effect further buy-backs if, in the opinion of the directors, such action would further enhance shareholder value.

Due to the limited liquidity in the issued Ordinary Shares, a buy-back of Ordinary Shares pursuant to the Authority or the New Authority on any trading day is likely to represent a significant proportion of the daily trading volume in the Ordinary Shares on the AIM market of the London Stock Exchange and is likely to exceed 25 per cent of the average daily trading volume, being the limit laid down in Article 5(1) of Regulation (EU) No 596/2014 and, accordingly, the Company will not benefit from the exemption contained in this Article.

The Company will announce any market purchase of Ordinary Shares pursuant to the Authority without delay.

ENQUIRIES:

The Character Group plc

Kiran Shah, Joint Managing Director & Group Finance Director

Jon Diver, Joint Managing Director

Office: +44 (0) 208 329 3377

Mobile: +44 (0) 7956 278522 (KS)

Mobile: +44 (0) 7831 802219 (JD)

Email: info@charactergroup.plc.uk

Panmure Gordon

(Nominated Adviser and Joint Broker)

Atholl Tweedie, Investment Banking

Charles Leigh-Pemberton, Corporate Broking

Tel: +44 (0) 20 7886 2500

Allenby Capital Limited

(Joint Broker)

Nick Athanas

Tel: +44 (0) 20 3328 5656

TooleyStreet Communications Limited

(Investor and media relations)

Fiona Tooley

Tel: +44 (0) 7785 703523

Email: fiona@tooleystreet.com

 

Copies of this statement can be viewed at www.thecharacter.com 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
STRFMMMZGMLGRZZ
Date   Source Headline
29th Sep 20096:32 pmRNSDirector/PDMR Shareholding
24th Sep 200912:47 pmRNSHolding(s) in Company
4th Sep 20092:15 pmRNSBlocklisting Interim Review
1st Sep 20091:50 pmRNSHolding(s) in Company
31st Jul 20095:45 pmRNSTotal Voting Rights
10th Jul 20091:04 pmRNSHolding(s) in Company
7th Jul 200911:53 amRNSPossible Dealing
7th May 200911:24 amRNSDirector/PDMR Shareholding
7th May 200911:23 amRNSDirector/PDMR Shareholding
7th May 200911:20 amRNSDirector/PDMR Shareholding
7th May 200911:20 amRNSDirector/PDMR Shareholding
6th May 20095:36 pmRNSDirector/PDMR Shareholding
6th May 20095:35 pmRNSDirector/PDMR Shareholding
6th May 20095:33 pmRNSDirector/PDMR Shareholding
6th May 20095:32 pmRNSDirector/PDMR Shareholding
30th Apr 20094:31 pmRNSHolding(s) in Company
28th Apr 20097:00 amRNSInterim Results
24th Mar 20094:40 pmRNSSecond Price Monitoring Extn
24th Mar 20094:35 pmRNSPrice Monitoring Extension
18th Mar 20095:10 pmRNSIssue of Equity
17th Mar 20094:35 pmRNSPrice Monitoring Extension
6th Mar 20094:35 pmRNSPrice Monitoring Extension
2nd Mar 20095:54 pmRNSBlocklisting Interim Review
21st Jan 200912:11 pmRNSResult of AGM
21st Jan 200911:00 amRNSTrading Update
24th Dec 20088:18 amRNSAnnual Report and Accounts
18th Dec 20081:19 pmRNSHolding(s) in Company
2nd Dec 20087:00 amRNSPreliminary Results
24th Nov 20087:00 amRNSTrading Update
31st Oct 20084:46 pmRNSSecond Price Monitoring Extn
31st Oct 20084:40 pmRNSPrice Monitoring Extension
27th Oct 20084:50 pmRNSSecond Price Monitoring Extn
27th Oct 20084:39 pmRNSPrice Monitoring Extension
20th Oct 20084:44 pmRNSSecond Price Monitoring Extn
20th Oct 20084:37 pmRNSPrice Monitoring Extension
16th Oct 20084:49 pmRNSSecond Price Monitoring Extn
16th Oct 20084:37 pmRNSPrice Monitoring Extension
10th Oct 20084:44 pmRNSSecond Price Monitoring Extn
10th Oct 20084:41 pmRNSPrice Monitoring Extension
7th Oct 20084:46 pmRNSSecond Price Monitoring Extn
7th Oct 20084:38 pmRNSPrice Monitoring Extension
30th Sep 20085:22 pmRNSTotal Voting Rights
30th Sep 20085:20 pmRNSTransaction in Own Shares
29th Sep 20084:45 pmRNSSecond Price Monitoring Extn
29th Sep 20084:37 pmRNSPrice Monitoring Extension
25th Sep 20085:26 pmRNSTransaction in Own Shares
16th Sep 20085:24 pmRNSTransaction in Own Shares
15th Sep 20085:04 pmRNSTransaction in Own Shares
10th Sep 20086:24 pmRNSTransaction in Own Shares
9th Sep 200812:32 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.