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Share Repurchase Programme

6 Jun 2012 07:00

RNS Number : 6885E
Michael Page International PLC
06 June 2012
 



Michael Page International plc

 

 

6 June 2012

 

 

Transaction in Own Shares - Share Repurchase Programme

 

 

Michael Page International plc (the "Company") announces that it has entered into a non-discretionary arrangement (the "Arrangement") for an independent third party to purchase up to five million ordinary shares of one pence each in the share capital of the Company for delivery to UBS Trustees (Jersey) Ltd, as trustee of Michael Page EBT (the "Trust").

 

The Arrangement will be managed by an independent third party which will make its trading decisions in relation to such ordinary shares independently of, and uninfluenced by, the Company or the Trust. The Arrangement will commence on 6 June 2012 and will end on the earlier to occur of: (i) the termination of the Arrangement by the Company when it is not in a prohibited period; (ii) the termination of the Arrangement by the independent third party; or (iii) 28 July 2012.

 

Any purchases of ordinary shares will be effected by the independent third party within certain pre-agreed parameters.

 

 

Michael Page International plc

Kelvin Stagg, Company Secretary 01932 264141

 

FTI Consulting

Richard Mountain 020 7269 7291

 

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