11 Dec 2015 07:00
For immediate release
11 December 2015
Minds + Machines Group Limited
("MMX", the "Company" or "Group")
Transaction in own shares
Minds + Machines Group Limited (AIM:MMX), the publicly quoted owner and operator of Internet top-level domains, announces that further to the announcement on 22 September 2015 of a proposed share buy-back programme of up to £15 million over the following twelve months, the Company on 10 December 2015 purchased for cancellation 2,000,000 ordinary shares, at a price of 8.625 pence per ordinary share. The Company purchased these ordinary shares through N+1 Singer. The total cost (excluding dealing and associated costs) amounted to £172,500.
Since the start of the buy-back on 25 September 2015, the Company has purchased a total of 50,864,800 ordinary shares at a cost (excluding dealing and associated costs) of £4,452,666.35.
Following cancellation of the ordinary shares purchased on 10 December 2015, the number of ordinary shares admitted to trading on AIM will be reduced to 785,104,685. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, following this cancellation, the Company will have 785,104,685 ordinary shares of no par value in issue, of which none will be held in treasury. Therefore, the total number of voting rights in the Company will be 785,104,685; this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Further Information:
Minds + Machines Group Limited
Antony Van Couvering Tel: +1 310 452-1491
N+1 Singer (Nomad and Broker)
Shaun Dobson / Liz Yong Tel: +44 (0)20 7496 3000
GTH Communications Limited
Toby Hall Tel: +44 (0)7713 341072
For further information, please go to http://investors.mindsandmachines.com
About Minds + Machines
Minds + Machines (LSE:MMX) is a leading owner and operator of new generic Top Level Domains ("gTLDs"), and provides registry services to a range of high-profile clients. The Group also provides domain name services through its wholly owned registrar operations in the US and Europe. For more information on Minds + Machines and its services and companies within the Group, please go to http://investors.mindsandmachines.com.
ENDS