23 Jan 2015 17:20
23 January 2015
SCISYS PLC
(SSY: AIM, "SCISYS" or the "Company")
Share Buy-Back Programme
SCISYS announces that it has today put in place an irrevocable, non-discretionary programme for the repurchase of up to £100,000 of its ordinary shares. The repurchase programme will be independently managed by finnCap Ltd, the Company's broker, which will make trading decisions independently and without the influence of the Company. Any ordinary shares repurchased on behalf of the Company will be held in treasury.
The Buy-Back programme will last until 29 May 2015 and will be conducted within the pre-set parameters and in accordance with the authority granted by the Company's shareholders to repurchase shares at its last annual general meeting held on 22 May 2014 ("2014 AGM"). Further information on the authority granted by shareholders is set out in the notice to the 2014 AGM, available at the Company's website at:
http://www.scisys.co.uk/fileadmin/user_upload/Downloads/PLC/Finance_Investors/Notices/AGM_notice_2014.pdf
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 James Thompson
Alexandra Clement |
Tel : +44 (0) 207 220 0500 |