6 Nov 2023 07:00
D4t4 Solutions Plc ("D4T4" or "Company")
Share Buyback Programme
D4t4 Solutions Plc (AIM: D4T4), the AIM-listed data solutions provider, announces that the Board has approved a share buyback programme of up to 500,000 ordinary shares of 2 pence each in the capital of the Company ("ordinary shares")(the "buyback programme").
The Company has instructed Cavendish to conduct the buyback programme on its behalf on a broker-managed basis, with trading decisions taken independently of the Company. The buyback programme commences today and ends no later than 3 months from today on 6 February 2024, or earlier if the maximum number of Ordinary Shares has been reached.
The buyback programme is in accordance with the terms of the Company's authority to make market purchases of its own ordinary shares granted to it by shareholders on 9 August 2023 (the "Authority"), including that the maximum price paid per ordinary share is to be no more than 105 per cent. of the average middle market closing price of an ordinary share for the five business days preceding the date of any buyback. Subject to this price limit, the Company has also stipulated that ordinary shares may be purchased for no more than 250 pence per share.
The Company intends to hold all ordinary shares so purchased in treasury for the purpose of satisfying future obligations in relation to its employees' or other share schemes.
Due to the limited liquidity in the issued ordinary shares, a buyback of ordinary shares pursuant to the Authority on any given trading day may represent a significant proportion of the daily trading volume in the ordinary shares on AIM and could exceed 25 per cent. of the average daily trading volume and, accordingly, the Company will not benefit from the exemption contained in Article 5(1) of Regulation (EU) No. 596/2014 as adopted into UK law by the European Union (Withdrawal) Act 2018.
The Company will make further announcements in due course following any share purchases.
Enquiries
D4t4 Solutions Plc (to be renamed Celebrus Technologies plc) Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer
| +44 (0) 1932 893333 investors@d4t4solutions.com |
Cavendish Capital Markets Limited (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley, Corporate Finance Charlotte Sutcliffe, ECM | +44 (0) 20 7220 0500 |
Canaccord Genuity (Joint Broker) Simon Bridges / Andrew Potts | +44 (0) 20 7523 8000 |
About D4t4 Solutions plc
D4t4 Solutions plc (AIM: D4t4) was founded around a passion for helping brands improve their relationships with their consumers via better data.
Supporting customers in financial services, retail, travel, healthcare, and telecommunications across over 27 countries, D4t4 enables businesses to make smarter, informed decisions via Celebrus, the company's flagship first-party data product suite. Celebrus automatically captures, contextualises, and activates user-based behavioural data in real-time across all digital channels. Through behavioural biometrics and analytics, Celebrus helps companies prevent fraud before it happens. Celebrus Cloud provides an enterprise platform that automates and enables organisations to get better value from the Celebrus software in a more efficient manner.
The Group has offices in the UK, USA, and India with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management.
For more information, please see www.d4t4solutions.com