Last checked at 5 Sep 2022 12:20
The information communicated within this announcement is deemed to constitute inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this information is considered to be in the public domain.
WYNNSTAY PROPERTIES PLC
("Wynnstay" or the "Company")
Purchase by the Company of Ordinary Shares
5 September 2022
Wynnstay (AIM:WSP) announces that, pursuant to the authority approved at the General Meeting held on 19 July 2022, it has today purchased 15,000 of its Ordinary Shares of 25 pence at 710 pence per share (the "Transaction"). The shares purchased will be held in Treasury.
Following the Transaction, the unchanged holding of Mr Philip Collins and his immediate family (the "Concert Party") of 912,590 Ordinary Shares, now represents 33.84% of the Company's issued share capital. Pursuant to the waiver granted by the Takeover Panel and approved by shareholders (excluding the Concert Party) at the General Meeting held on 19 July 2022, there is no obligation on the Concert Party to make an offer under Rule 9 or Rule 37 of the City Code on Takeovers and Mergers.
The Company's issued share capital consists of 3,155,267 Ordinary Shares of 25p each. Following the Transaction, the number of Ordinary Shares now held in Treasury is 458,650. Therefore the total number of voting rights in the Company is 2,696,617, which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest, or a change in their interest, in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information please contact:
Wynnstay Properties plc
Philip Collins (Chairman)
020 7554 8766
WH Ireland Limited (Nominated Adviser and Broker):
Chris Hardie, Ben Thorne, Megan Liddell
020 7220 1666
LEI number: 2138006MASI24JYW5076.
ISIN: GB0009842898.
For more information on Wynnstay visit: www.wynnstayproperties.co.uk.