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13 Mar 2013 12:18
13 March 2013
Photo-Me International plc
Sale of Treasury Shares
Photo-Me International plc ("Photo-Me" or "the Company"), the instant service equipment group, has today sold 7,505,000 ordinary shares of 0.5 pence each ("Ordinary Shares"), previously held in treasury, to a range of institutional investors at a price of 78.0 pence per Ordinary Share.
This has been done to satisfy current demand for the Company's shares, and should improve liquidity in the Ordinary Shares going forward.
The sale of the Ordinary Shares, which were previously purchased by the Company in 2006-2007, has resulted in no profit or loss for the Company and there are no further shares held in treasury. Following this transaction, the Company's issued share capital consists of 371,208,211 Ordinary Shares.
The above figure of 371,208,211 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
Enquiries:
Photo-Me International Serge Crasnianski or Françoise Coutaz-Replan
|
01372 453 399 |
Media: Madano Partnership Matthew Moth/Julien Cozens
|
020 7593 4000 |
Investors: IR Focus Neville Harris |
020 7593 4015 |
Notes to editors:
Photo-Me (www.photo-me.co.uk) has two main activities: Operations and Sales & Servicing
Operations comprise the operation of unattended vending equipment, in particular photobooths, digital photo kiosks, photobook makers, amusement machines, business service equipment and laundry machines. With 24,300 sited worldwide, Photo-Me is the world's leading operator of photobooths.
Sales and Servicing comprises the development, manufacture, sale and after-sale servicing of this Operations equipment and a range of photo-processing equipment and album maker solutions.
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