Last checked at 2 Jan 2018 08:00
RIGHTMOVE PLC - Statement re Close Period Share Buy BackRIGHTMOVE PLC - Statement re Close Period Share Buy Back
PR Newswire
London, January 2
2 January 2018
RIGHTMOVE PLC
CLOSE PERIOD SHARE REPURCHASE PROGRAMME
Rightmove plc ("Rightmove" or the "Company") announces that it has commenced an irrevocable, non-discretionary programme to purchase shares on its own behalf, for cancellation, during its close period. The programme commences from the start of business on 2 January 2018 until the close of business on 22 February 2018.
Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company’s general authority to repurchase shares, the EU Market Abuse Regulation, and Chapter 12 of the Listing Rules which requires the maximum price paid to be limited to no more than 105 per cent of the average middle market closing price of the Company’s shares for the 5 dealing days preceding the date of purchase. The Company confirms that it currently has no unpublished price sensitive information.
The maximum pecuniary amount allocated to the buy-back programme is £23,000,000 and the maximum number of shares that will be purchased is 511,111, for the purpose of shareholder returns.
Contact details:
Sandra Odell
Company Secretary
01908 712058