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Share Buy-Back Programme

16 Apr 2014 07:00

RNS Number : 9180E
SCISYS PLC
16 April 2014
 



 

 

 

SCISYS PLC

(SSY: AIM, "SCISYS" or the "Company")

 

Share Buy-Back Programme

SCISYS announces that it has put in place an irrevocable, non-discretionary programme for the repurchasing of up to £100,000 of its ordinary shares over the course of the programme. The repurchases will be independently managed by finnCap Ltd, the Company's broker, which will make trading decisions in relation to the Company's ordinary shares independently and without the influence of the Company. Any ordinary shares repurchased on behalf of the Company will be held in treasury.

 

Any repurchases pursuant to these arrangements will be carried out up to the earlier of 31 July 2014 or, should the authority to make repurchases of its ordinary shares not be renewed at such meeting, the Company's next annual general meeting of shareholders on 22 May 2014, within certain pre-set parameters and in accordance with the authority granted by the Company's shareholders to repurchase shares at its annual general meeting on 23 May 2013 ("2013 AGM"). Further information on the authority granted by shareholders is set out in the notice to the 2013 AGM, available at the Company's website at www.scisys.co.uk/who-we-are/investors.

 

For further information, please contact:

 

SCISYS PLC

Peter Murden

Company Secretary

Tel : +44 (0) 1249 466 466

finnCap Limited

Corporate Finance

 

 

Corporate Broking

 

Julian Blunt

Henrik Persson

 

Simon Starr

 

Tel : +44 (0) 207 220 0500

Winningtons

Tom Cooper

Tel : +44 (0) 797 1221972

E-mail : tom.cooper@winningtons.co.uk

 

 

 

 

 

 

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