10 Jun 2011 07:00
10 June 2011
Tricorn Group Plc
("Tricorn" or the "Group")
Sale of Treasury Shares
Tricorn (AIM:TCN.L), the AIM listed tube manipulation specialist, is pleased to announce that, in order to satisfy institutional demand, on 9 June 2011 it sold 875,000 ordinary shares of 10p each ("Ordinary Shares") held in Treasury at 32p per Ordinary Share.
Following the transaction, the Group no longer holds any Ordinary Shares in Treasury. The total number of Ordinary Shares in issue is 33,395,000 with each Ordinary Share holding one voting right. Therefore, the total number of voting rights in the Company is 33,395,000 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
For further information:
Tricorn Group plc Mike Welburn, Chief Executive Phil Lee, Group Finance Director
| +44 (0) 1684 569 956 |
Arbuthnot Securities Limited Tom Griffiths Ed Groome
| +44 (0) 20 7012 2000 |
Winningtons Tom Cooper | +44 (0) 797 122 1972 |
Notes to Editors:
Tricorn Group plc is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy, Transportation, Aerospace & Utilities sectors.
Headquartered in Malvern, UK, Tricorn employs over 300 employees and operates through four brands: MTC; Redman Fittings; Maxpower; and RMDG Aerospace.