30 Aug 2011 09:06
HUNTSWORTH PLC ("Huntsworth") or (the "Company")
Share Buy-Back Programme
Huntsworth announces that it will recommence the share buy-back programme that
was announced on 23 March 2011 (the "Buy-Back Programme") to buy up to GBP4
million of the company's existing issued share capital, now that the close
period has ended with the publication of its interim results for the six
months ended 30 June 2011. Any shares purchased will be cancelled or held in
treasury.
To date the Company has purchased 327,692 shares at a total cost of GBP0.24 million.
Any acquisitions pursuant to the buy-back programme will be effected within certain pre-set parameters. The main parameter is that the maximum price paid is 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.
The Company is not planning to purchase more than 50 per cent. of the average daily volume traded in the 20 trading days preceding the date of purchase.
Any shares purchased under the 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Huntsworth confirms that having published its interim results on 25 August 2011, it currently has no unpublished price sensitive information.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