22 Jan 2010 11:15
22 January 2010
JudgesΒ ScientificΒ plc
("JudgesΒ Scientific" or the "Company")
Share Buyback Programme
JudgesΒ ScientificΒ announces that it has put in place with immediate effect an irrevocable, non-discretionary share repurchase programmeΒ to purchase up toΒ 300,000Β ordinary shares ofΒ 5Β pence eachΒ in the capital of the Company ("Ordinary Shares"),Β beingΒ 7.4Β per cent.Β of theΒ Company's current ordinary issued share capital.
The programme will last from today up untilΒ theΒ releaseΒ of the Company'sΒ preliminary statement ofΒ results for theΒ yearΒ endedΒ 31 DecemberΒ 2009;Β or if later the date from which the Company is no longer in a close periodΒ and willΒ be managed byΒ ShoreΒ CapitalΒ StockbrokersΒ Limited, which will make its trading decisions in relation to the Company's securities independently of, and uninfluenced by, the Company.
TheΒ shares will be purchased on-market on the London Stock Exchange within certain pre-set parameters andΒ in accordanceΒ withΒ the terms of the general authority to make market purchases of its own shares granted toΒ the CompanyΒ byΒ itsΒ shareholders onΒ 22 MayΒ 2009. The purchased shares willΒ eitherΒ be held in treasuryΒ orΒ cancelled.
Any purchase of shares made byΒ JudgesΒ ScientificΒ following commencement of the buyback programme will be notified to a Regulatory Information ServiceΒ in accordance with theΒ AIMΒ Rules for Companies.
JudgesΒ ScientificΒ confirms thatΒ itΒ currently has no unpublished price sensitive information.
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Enquiries:
For further information please contact:
David Cicurel, CEO, JudgesΒ Scientific: Tel: 01342 323 600
Pascal Keane, ShoreΒ Capital: Tel: 020 7408 4090
Melvyn Marckus, Cardew Group: Tel: 07775 896 491
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