Last checked at 16 May 2022 13:22
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
Coral Products plc
(the "Company", the "Group" or "Coral")
Transaction in Own Shares
Coral Products plc (AIM: CRU), a specialist in the design, manufacture and supply of plastic products, announces that on 9 May 2022, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 27 October 2021, the Company transferred 4,838,710 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 15.5 pence each (the "Transaction") to Ian Hillman. These shares were issued in part payment for the acquisition of Film and Foil Solutions Limited as per RNS dated 4 May 2022.
Following the Transaction, the Company has 85,942,532 Ordinary Shares in issue of which holds 2,464,945 Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company is 83,477,589 ordinary shares, this number may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
As a result of this transaction, the aggregate holdings of Ian Hillman amounts to 4,838,710 Ordinary Shares in the Company representing 5.8 per cent of the issued share capital.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.
Details of the trade: | ||||||
a) | Name | Coral Products plc | ||||
2 | Reason for the notification | |||||
a) | Position/status | Treasury Share Account | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Coral Products plc | ||||
b) | LEI | 213800M2XLY2QGBMUN82 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1p
GB0002235736 | ||||
b) | Nature of the transactions | Sale of Ordinary Shares | ||||
c) | ||||||
Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
4,838,710 15.5p | ||||
e) | Date of the transaction | 9 May 2022 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
ENQUIRIES:
Coral Products plc
Joe Grimmond, Executive Chairman Tel: 07703 518148
WH Ireland, Nominated Adviser and Broker Tel: 020 7220 1666
Katy Mitchell
Darshan Patel
Megan Liddell
Capital Markets Consultants Limited Tel: 07515 587184
Richard Pearson