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Share Repurchase Programme

1 Nov 2010 16:19

RNS Number : 4032V
IDOX PLC
01 November 2010
 



1 November 2010

 

IDOX plc

 

 

IDOX plc (the "Company") Share Repurchase Programme and Close Period

 

Pursuant to the general authority given to the Company by shareholders, the Company announces that in order to be able to buy back shares during the Company's close period, it has entered into an irrevocable, non-discretionary programme with Investec Bank plc to purchase up to 31,548,722 shares, representing 9.2% of the current issued share capital of the Company, on its own behalf for treasury or cancellation during its close period which commences on 31st October 2010 and ends on 11th January 2011. The absolute maximum value of shares acquired shall not, in aggregate, exceed £0.25 million.

 

Any acquisitions will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares.

 

 

Enquiries:

 

 

IDOX

020 7332 6000

Martin Brooks, Chairman

Richard Kellett-Clarke, Chief Executive

William Edmondson, Chief Financial Officer

Investec

020 7597 4000

Andrew Pinder

College Hill

020 7457 2020

Adrian Duffield / Carl Franklin

 

 

About IDOX plc

 

IDOX plc is a supplier of software solutions and services principally to the UK public sector and the leading applications provider to local government for core functions relating to land, people and property through its UNI-form, Plantech and IDOX product range. Over 75% of UK local authorities are customers.

 

The Group gives public-sector organisations the tools to manage information and knowledge, documents and content, business processes and workflow as well as connecting directly with the citizen via the web.

 

It also supplies decision support content and additional specialist services via the IDOX Information Service and its J4B business, as well as transforming approaches to knowledge and content management via consultancy and training. In addition it provides these specialist skills to customers through its TFPL branded recruitment division.

 

For more information see www.idoxplc.com

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