30 Dec 2010 09:15
HUNTSWORTH PLC ("Huntsworth") or (the "Company")
Share Buy-Back Programme
On 6 January 2009 Huntsworth commenced a share buy-back programme (the "Buy-Back Programme") to buy up to GBP5 million of the Company's shares.
As the Company is about to go into a close period due to its preliminary results for the year ended 31 December 2010, the Company has appointed Numis Securities Limited to lead manage an irrevocable programme during the close period (the "Close Period Buy-Back Programme") to buy-back up to 30,000 shares per day within certain pre-set parameters. The Close Period Buy-back Programme will commence on 1 January and will run up to the announcement of the preliminary results for the year ended 31 December 2010.
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 14.99% of the Company's issued share capital, as approved at the Company's AGM on 13 May 2010.
Huntsworth confirms that it currently has no unpublished price sensitive information.
Enquiries
Huntsworth PLC
Tymon Broadhead, Group Finance Director and Company Secretary
Tel: 44 (0)207 224 8778
Numis Securities Limited
Rupert Krefting
Tel: 44 (0)207 260 1000