27 Aug 2009 07:02
27 August 2009
Huntsworth PLC ('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 to 30 June 2009. Any shares purchased will be cancelled or held in treasury.
To date, Huntsworth has purchased GBP1.1 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 105 per cent. of the average middle market closing price of Huntsworth's shares for the 5 dealing days preceding the date of purchase. Given the level of liquidity in the Company's shares, the Company may purchase more than 25 per cent. of the average daily volume of 431,561 for July 2009 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 14 May 2009.
Huntsworth confirms that having published its interims results today, it currently has no unpublished price sensitive information.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