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Share Buy-Back Programme

8 Feb 2011 07:00

RNS Number : 8466A
Treveria PLC
08 February 2011
 



08 February 2011

 

Treveria plc ("Treveria" or "the Company")

 

Share Buy-Back Programme

 

At the Company's last annual general meeting on 4 June 2010 ("the AGM"), Treveria shareholders granted the Company a general buy-back authority of up to 14.99% of the Company's issued share capital.

 

The Company is about to go into a close period due to its final results for the year ended 31 December 2010. These results will be published on 12 April 2011. The Company has appointed Singer Capital Markets Limited to manage an irrevocable programme during the close period (the "Close Period Buy-Back Programme") to buy-back ordinary shares within certain pre-set parameters. The Close Period Buy-Back Programme will commence today and will run up to the date of announcement of Treveria's final results for the year ended 31 December 2010, unless completed earlier.

 

The maximum potential cash outflow from the Company under the Close Period Buy-Back Programme will be €5.28 million. This is based upon the maximum number of shares to be purchased at the maximum price per ordinary share. The Close Period Buy-Back Programme is also restricted by the parameters of the Company's general buy-back authority which includes, inter alia, that the maximum price paid per share shall be no more than the 105 per cent. of the average middle market closing price of Treveria's shares as derived from the Daily Official List of the London Stock Exchange for the 5 dealing days immediately preceding the date of purchase.

 

Any shares purchased in the Close Period Buy-Back Programme will count towards the Company's general buy-back authority of 14.99% of the Company's issued share capital, as approved at the Company's AGM.

 

Treveria confirms that it currently has no unpublished price sensitive information.

 

Enquiries:

 

Enquiries:

 

Treveria

Bernhard Fuhrmann

 

+49 (0) 69 2475 31998

Financial Dynamics

Richard Sunderland / Laurence Jones

 

+44 (0) 20 7831 3113

Singer Capital Markets Limited

James Maxwell / Nick Donovan

+44 (0) 20 3205 7500

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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