Last checked at 14 Jan 2022 07:00
Coral Products plc
("Coral" or the "Company")
Transaction in Own Shares
Coral Products plc (AIM: CRU), a specialist in the design, manufacture and supply of plastic products, announces that on 13 January 2022, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 27 October 2021, the Company purchased 1,340,655 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 15pence each (the "Transaction").
The Board believes buying back shares at the current price represents an outstanding opportunity to buy back into treasury shares which can then be issued to fulfil the anticipated exercise of existing share options or in part payment for any future acquisition.
The Ordinary Shares, which have been purchased, will be held in treasury. Following the Transaction, the Company holds 7,303,655 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 78,638,879 shares, which 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.
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 | Purchase of Ordinary Shares | ||||
c) | ||||||
Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
1,340,655 15p | ||||
e) | Date of the transaction | 13 January 2022 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
For further information please contact:
Coral Products plc Joe Grimmond, Executive Chairman | Tel: 07703 51 8148
|
Nominated Adviser & Broker WH Ireland Limited Adrian Hadden Darshan Patel Megan Liddell Jasper Berry (Corporate Broking) |
Tel: 0207 220 1666 |
Capital Markets Consultants Limited Richard Pearson | Tel: 07515 587 184 |