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Pin to quick picksOakley Regulatory News (OCI)

Share Price Information for Oakley (OCI)

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508.00    2.00 (0.40%)
Bid:
506.00
Ask:
510.00
Spread: 4.00 (0.791%)
Market Cap: £837.01m
OCI Live PriceLast checked at - London Stock Exchange

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Purchase of Shares

3 Oct 2008 17:14

RNS Number : 1045F
Oakley Capital Investments Limited
03 October 2008
 



3 October 2008

 

Oakley Capital Investments Limited

Purchase of Shares

 

Oakley Capital Investments Limited ('the Company' or 'OCIL') announces that the Board has authorised a share buy back programme of up to 8,000,000 ordinary shares in the Company at prices below the estimated Net Asset Value per share. The Investment Manager believes that purchasing shares at a discount to NAV will enhance returns to shareholders.

Subsequently the Company has today purchased 7,275,000 ordinary shares of 1p each in OCIL at 60p per share. It has also purchased 1,250,000 warrants at 0p per warrant.

 

Purchased shares and warrants will be held in treasury by the Company and shares will not carry voting or dividend distribution rights. 

Following this transaction, the number of ordinary shares in issue less purchased shares held in treasury will be 92,725,000 and therefore the total number of voting rights in the Company is 92,725,000.

 

-ends-

For further information please contact:

Oakley Capital Investments Limited
Peter Dubens (Director)
+44 20 7766 6900
 
 
 
Financial Dynamics
Juliet Clarke / Edward Bridges / Erwan Gouraud
+44 20 7831 3113
 
 
Liberum Capital Limited (Financial Adviser & Broker)
Steven Tredget / Steve Pearce
+44 20 3100 2000
 
 
Grant Thornton Capital Markets (Nominated Adviser)
Philip Secrett / Fraser Campbell
+44 20 7383 5100

This information is provided by RNS
The company news service from the London Stock Exchange
 
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