Last checked at 31 Mar 2009 07:00
31st March 2009
Vp plc
("Vp" or "the Company")
Vp plc, the equipment rental specialist, announces that it has entered into irrevocable, non-discretionary arrangements to enable the repurchase of its own shares to be held as treasury shares, during its close period. These arrangements commence on 1 April 2009 and run up to the announcement of preliminary results for the year ended 31 March 2009 (currently expected to be during the first week of June 2009).
Any purchases will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than 105 per cent of the average middle market closing price of the Company's shares for 5 dealing days preceding the date of purchase. Vp confirms that it currently has no unpublished price sensitive material.
Further enquiries:
| Vp plc | |
| Jeremy Pilkington, Chairman | Tel: +44 (0) 1423 533 400 |
| jeremypilkington@vpplc.com | |
| Neil Stothard, Group Managing Director | Tel: +44 (0) 1423 533 445 |
| neil.stothard@vpplc.com | www.vpplc.com |
| Mike Holt, Group Finance Director | Tel: +44 (0) 1423 533 445 |
| mike.holt@vpplc.com | www.vpplc.com |