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30 Jun 2011 07:00
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 £4 million of Shares by market value per annum. To date the Company has purchased 238,000 shares at a total cost of £0.17 million.
As the Company is about to go into a close period due to its interim results for the six months to 30 June 2011, 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 July and will run up to the announcement of the interim results for the six months to 30 June 2011.
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 12 May 2011.
Huntsworth confirms that it currently has no unpublished price sensitive information.
Enquiries:
Huntsworth PLC
Sally Withey, Chief Operating Officer Tel: 44 (0)207 224 8778
Colin Adams, Group Finance Director
Numis Securities Limited
Rupert Krefting / Mike Burke Tel: 44 (0)207 260 1000
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