11 Jan 2013 07:00
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 its ordinary shares, commencing today and continuing into the close period which precedes the Company's final results announcement. The ordinary shares to be repurchased on behalf of the Company will be held in treasury.
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 without the influence of the Company.
Any repurchases pursuant to these arrangements will be carried out up to the earlier of 31 May 2013 or the Company's next annual general meeting of shareholders, 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 31 May 2012 ("2012 AGM"). Further information on the authority granted by shareholders is set out in the notice to the 2012 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 |
Marc Young 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 |