4 May 2020 07:01
Minds + Machines Group Limited
("MMX" or the "Company")
Transaction in Own Shares
Minds + Machines Group Limited (AIM: MMX), the top-level domain registry company, announces that it has purchased the following number of ordinary shares of no par value ("Ordinary Shares") pursuant to the Company's share buyback programme (the "Programme"). As announced on 24 March 2020, at the time of the Final Results for the year ended 31 December 2019, the Company stated it intended to continue with the Programme up to a limit of £1.0m and that the Board would renew such authorities as relevant following careful review of the Company's cash balances and requirements at the time. In light of the continued healthy trading indicated in the year end results, the buyback authorities have been increased by an additional £0.5m.
Details of the latest Ordinary Shares acquired by the Company under the Programme are detailed below:
Date of purchase: | 1 May 2020 |
Number of Ordinary Shares purchased: | 15,936,418 |
Highest price paid per Ordinary Share: | 6.0p |
Lowest price paid per Ordinary Share: | 6.0p |
Volume weighted average price per Ordinary Share: | 6.0p |
The purchased Ordinary Shares will be cancelled.
Following the repurchase and cancellation of Ordinary Shares set out above, the Company's issued share capital consists of 908,921,144 Ordinary Shares, 5,837,160 of which are held in Treasury. For reporting under the FCA's Disclosure Guidance and Transparency Rules, shareholders should exclude any shares held in Treasury and should use the figure of 903,083,984 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.
The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.
In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own Ordinary Shares by the Company, which were all executed through the Company's broker, finnCap Ltd, are set out below:
Schedule of Purchases: | |
Shares purchased: | Minds + Machines Group Limited (ISIN: VGG614091012) |
Date of purchase: | 1 May 2020 |
Aggregate Information: | |
Aggregated volume | 15,936,418 |
Volume weighted average price | 6.0p |
Venue | XLON |
Individual Transactions:
Date of purchase | Time of purchase | Number of Ordinary Shares purchased: | Price paid per Ordinary Share (p) |
01/05/2020 | 14:47:13 | 15,936,418 | 6.0 |
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
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For further information
Minds + Machines Group Limited |
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Toby Hall, CEO | Tel: +44 (0) 7713 341072 |
Michael Salazar, CFO | Tel: +1 (310) 740 7499 |
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finnCap Ltd | Tel:+ 44 (0) 20 7220 0500 |
Corporate finance - Carl Holmes/Simon Hicks ECM - Tim Redfern/Richard Chambers |
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Belvedere Communications Limited | Tel: +44 (0) 74 070 23147 |
John West Llew Angus |
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About MMX
Minds + Machines Group Limited (LSE: MMX) is the owner of a world class portfolio of 32 ICANN approved top-level domains (gTLDs). The Company generates revenues through the registration and annual renewal of names by organisations and individuals within each of its top-level domains, sales being processed through the Group's online network of global registrar and distribution partners.
The MMX portfolio is currently focused around generic names (e.g. .work, .vip), consumer interest (e.g. .fashion, .wedding), lifestyle (e.g. .fit, .surf, .yoga), professional occupations (e.g. .law), and geographic domains (e.g. .london, .boston, .miami, .bayern). In 2018, the Company completed its first acquisition, the ICM portfolio, and launched its first innovation based project, .luxe, which combines the strengths of the World Wide Web's naming system with that of blockchain. In 2019, it launched its second innovation initiative in the brand protection arena. For more information on MMX, please visit www.mmx.co
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.