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Share Buy-Back Programme

11 Jan 2013 07:00

RNS Number : 3118V
SCISYS PLC
11 January 2013
 



 

 

 

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

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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