Thomas Cook Regulatory News (TCG)

31 Mar 2008 14:45

Thomas Cook Group PLC31 March 2008 Thomas Cook Group PLC (the "Company") announces that as part of the sharebuy-back programme which was announced on 12 March 2008, the Company has enteredinto irrevocable non-discretionary arrangements with its corporate brokers torepurchase, on its behalf, its own shares for cancellation during its closeperiod commencing on 1 April 2008 and ending on 17 June 2008 following theannouncement of the Company's interim results to 30 April 2008. The close period buy-back programme will be managed by Citigroup Global MarketsLimited ("Citi") and UBS Limited ("UBS"), who are independent third parties thatthe Company has duly authorised to make trading decisions independently of, anduninfluenced by, the Company. Any purchases will be effected within certain pre-set parameters, and inaccordance with both the Company's general authority to repurchase shares andChapter 12 of the Listing Rules which requires that the maximum price paid,excluding expenses, be limited to no more than the higher of: 105 per cent ofthe average market value of a share as derived from the London Stock ExchangeDaily Official List for the five business days immediately prior to suchpurchase; and the higher of the price of the last independent trade and thehighest current independent bid on the trading venues where the purchases arebeing carried out. Enquiries Mike VauxActing Group Company Secretary01706 742 000 This information is provided by RNS The company news service from the London Stock Exchange