13 Jul 2016 07:00
For immediate release
13 July 2016
Minds + Machines Group Limited
("MMX", the "Company" or "Group")
Compliance with Market Abuse Regulation - Share Buy-back Programme
Following the implementation of the Market Abuse Regulation (MAR) on 3 July 2016, the Company provides the following details of its share buy-back programme announced on 22 September 2015 and amended on 3 February 2016. The current parameters of the share buy-back programme are as follows:
Name of Programme | 2015 - 2016 Share Buy-back Programme |
Purpose of the Programme | To reduce the capital of the issuer |
Duration of the Programme | 22 September 2015 - 21 September 2016 |
Maximum amount allocated to the Programme | Up to £15 million, excluding dealing and associated costs (of which £6,779,011.08 has already been used) |
Maximum number of shares to be acquired | Up to 125,395,422 ordinary shares (of which 79,523,368 ordinary shares have been repurchased to date) |
Maximum price | The higher of: a) the price of the last independent trade; and b) the highest current independent purchase bid on the trading venue where the purchase is carried out. |
Maximum size of purchase on any trading day | 25% of the average daily volume of the shares on the trading venue on which the purchase is carried out, such average daily volume calculated over the 20 trading days preceding the date of purchase |
Further Information:
Minds + Machines Group Limited
Toby Hall (CEO) Tel: +44 (0)7713 341072
toby@mmx.co
Michael Salazar (COO/CFO) Tel: +1 (424) 214-7908
michael@mmx.co
N+1 Singer (Nomad and Broker)
Shaun Dobson / Liz Yong Tel: +44 (0)20 7496 3000
For further information, please go to www.mmx.co
About MMX
Minds + Machines Group Limited (LSE:MMX) is the owner and operator of a world class portfolio of top-level domain assets (gTLDs). As a sales and marketing-led registry business, we are focused on commercializing our portfolio in partnership with our expanding global network of distribution partners.
The MMX portfolio is currently focused around geographic domains (e.g. .london, .boston, .miami, .bayern), professional occupations (e.g. .law, .abogado, and .dds), consumer interests (e.g. .fashion, .wedding, .vip), lifestyle (e.g. .fit, .surf, .yoga), outdoor activities (e.g..fishing, .garden, .horse) and generic names such as .work and .casa. As a business, we work through our expanding international network of registrars and distribution partners to bring the benefits of affinity based domain addresses to B2B and consumer audiences. For more information on MMX, please visit www.mmx.co.
ENDS