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Share Buy-Back Programme

26 Aug 2010 11:40

RNS Number : 6891R
Huntsworth PLC
26 August 2010
 



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 6 January 2009 (the "Buy-Back Programme") to buy up to GBP5 million of the company's existing issued share capital, now that the close period has ended today with the publication of its interim results for the six months ended 30 June 2010. Any shares purchased will be cancelled or held in treasury.

 

To date, Huntsworth has purchased £4.2 million of the Company's issued share capital as part of the buy-back programme.

 

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 25 per cent. of the average daily volume of 310,705 for July 2010 being the latest month prior to recommencing the share buy back programme.

 

Any shares purchased under the Buy-Back Programme will count towards the Company's general buy-back authority of 14.99% of the Company's issue share capital, as approved at the Company's AGM on 13 May 2010.

 

Huntsworth confirms that having published its interim results today, it currently has no unpublished price sensitive information.

 

Enquiries:

 

Huntsworth PLC

Sally Withey, Chief Operating Officer Tel: 44 (0)207 224 8778

Tymon Broadhead, Group Finance Director and Company Secretary

 

Numis Securities Limited

Rupert Krefting / Adam Joy / Alex Ham Tel: 44 (0)207 260 1000

 

 

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