MXCP.L Regulatory News (MXCP)

25 Nov 2008 13:11



2ergo Group PLC

("2ergo" or the "Company")

Intention to commence share repurchase programme

Further to the announcement on 4 April 2008, 2ergo announces that, based upon the continued strength of its current and anticipated cash flows and balance sheet, the Board intends to commence a programme to purchase shares on its own behalf immediately.

The Company intends to buy back up to 1,000,000 ordinary shares. Such purchases will be made within the limits approved by shareholders at the Company's Extraordinary General Meeting on 28 April 2008 and in accordance with the requirements of the AIM Rules. Owing to the liquidity profile of the shares, such purchases are likely to exceed the average daily volumes of the shares over the last 12 months. It is intended that any shares purchased will be transferred into treasury. 

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