Last checked at 4 May 2011 14:16
IDOX plc
("IDOX" or "the Company")
Share Repurchase Programme and Close Period
Pursuant to the authority given to IDOX by shareholders, the Company announces that in order to be able to buy back shares during the Company's close period, it has entered into an irrevocable, non -discretionary programme with finnCap Limited, the Company's joint broker, to purchase shares to be held in treasury up to a maximum value, in aggregate, of £0.8m. The number of shares acquired shall not exceed 38,673,352, being the number of options outstanding less shares currently held in treasury. The non-discretionary buy-back program shall operate for the duration of the Company's close period which commenced on 1 May 2011 and ends 16 June 2011.
Any acquisitions will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares.
Enquiries:
IDOX plc +44 (0) 20 7332 6000
Martin Brooks, Chairman
Richard Kellett-Clarke, Chief Executive
William Edmondson, Chief Financial Officer
Joint Broker
FinnCap +44 (0) 20 7600 1658
Charles Cunningham (Corporate Finance)
Stephen Norcross (Corporate Broking)
Nomad and Joint Broker
Investec Investment Banking +44 (0) 20 7597 5000
Andrew Pinder
Patrick Robb
Cara Griffiths
Financial PR
College Hill +44 (0) 20 7457 2020
Adrian Duffield / Kay Larsen
About IDOX plc
IDOX plc is a supplier of software solutions and services to the UK public sector and increasingly to the wider corporate sector. It is the leading applications provider to local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers.
The Group provides public sector organisations with tools to manage information and knowledge, documents and content, business processes and workflow as well as connecting directly with the citizen via the web.
These capabilities have been recently extended via the acquisition of McLaren Software into the related area of engineering document management and control applications, serving many leading international companies in industries such as oil & gas, mining, utilities, pharmaceuticals and transportation.
IDOX also supplies decision support content and additional specialist services via the IDOX Information Solutions business, as well as transforming approaches to knowledge and content management via consultancy and training in the UK and internationally.
In addition, it provides these specialist skills to customers through its TFPL branded recruitment division.
For more information see www.idoxplc.com.