29 Jun 2012 11:30
29 June 2012
HUNTSWORTH PLC ("Huntsworth") or (the "Company")
Share Buy-Back Programme
On 23 March 2011 Huntsworth commenced a new share buy-back programme (the "Buy-Back Programme") to buy up to GBP4 million of Shares by market value per annum (and GBP10 million in total). To date the Company has purchased 0.8 million ordinary shares at a total cost of GBP0.5 million.
As the Company is about to go into a close period due to its interim results for the six months to 30 June 2012, the Company has appointed Numis Securities Limited to manage an irrevocable programme during the close period (the "Close Period Buy-Back Programme") to buy-back up to £20,000 per day within certain pre-set parameters. The Close Period Buy-back Programme will commence on 2 July 2012 and will run up to the announcement of the interim results for the six months to 30 June 2012.
The maximum price paid continues to be limited to no more than the higher of 105 per cent. of the average middle market closing price of Huntsworth's shares for the 5 dealing days preceding the date of purchase and that stipulated by Article 5 (1) of the Buy-back and Stabilisation Regulation.
Any shares purchased in the Close Period Buy-Back Programme will count towards the Company's general buy-back authority of 14.9% of the Company's issued share capital, as approved at the Company's AGM on 18 May 2012.
Huntsworth confirms that it currently has no unpublished price sensitive information.
Enquiries:
Huntsworth PLC
Sally Withey, Group Chief Operating Officer and Group Finance Director
Tel: 44 (0)207 224 8778
Numis Securities Limited
Rupert Krefting / Mike Burke
Tel: 44 (0)207 260 1000