Last checked at 29 Feb 2016 16:50
WH Smith PLC
29 February 2016
WH Smith PLC - Transactions in Own Shares
WH Smith (the "Company") announces that it has commenced a non-discretionary programme to purchase ordinary shares for cancellation during its close period which commences on 1 March 2016 and is scheduled to end on 12 April 2016.
The buy back programme will be managed by an independent third party, which makes its trading decisions independently of, and uninfluenced by, the Company.
Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than the higher of (i) 5 per cent above the average market value for the shares as derived from the London Stock Exchange Daily Official List for the five business days immediately prior to such purchase and (ii) an amount equal to the higher of the price of the last independent trade of a Share and the highest current independent bid for a Share, in each case on the London Stock Exchange.
The Company confirms that it currently has no unpublished price sensitive information.
Contacts
WH Smith PLC
Mark Boyle, Investor Relations
020 7406 6320
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