Sign In
11 Nov 2011 07:00
FOR IMMEDIATE RELEASE
11 November 2011
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
Treasury Shares
In accordance with LR 12.4.6 and further to the announcement on 1 November 2011, in which Redefine International informed the market that it was considering selective share buybacks, the Directors are pleased to announce that 939,000 Redefine International ordinary shares of 7.2 pence (the "Shares") have been acquired by the Company (the "Purchase") and will be held in Treasury until further notice. No Shares are to be cancelled.
The Shares were acquired in accordance with the existing shareholder authority granted at the AGM held on 27 January 2011 and were purchased with a view to enhancing earnings per share and/or net asset value per share.
Date of Purchase | 10 November 2011 |
Price paid per share (highest/lowest) | 41 pence |
Number of shares acquired | 939,000 |
Total number of shares held in Treasury | 939,000 |
Percentage of shares held in Treasury following the Purchase | 0.17% |
In accordance with the Isle of Man Companies Act 1992, the rights of the 939,000 Shares held in treasury have been suspended and therefore the total number of voting rights in the Company is currently 566,704,792. The figure of 566,704,792 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
Further enquiries:
Redefine International Property Management Ltd Investment Adviser |
|
Michael Watters, Stephen Oakenfull | Tel: +44 (0) 20 7811 0100 |
Peel Hunt Joint Corporate Broker | |
Capel Irwin, Matthew Armitt, Hugh Preston | Tel: +44 (0) 20 7418 8900 |
Evolution Securities Joint Corporate Broker |
|
Chris Sim, Jeremy Ellis | Tel: +44 (0) 20 7071 4300 |
FTI Consulting Public Relations Adviser | |
Stephanie Highett, Dido Laurimore | Tel: +44 (0) 20 7831 3113 |
Follow the stocks
