Transaction in Own Shares

8 Jan 2008 14:09

Safeland PLC08 January 2008 SAFELAND PLC Purchase of own shares 08 January 2007 On 7 January 2008, Safeland plc ('Safeland' or 'the Company'), the fundmanagement, property trading and investment company, purchased 1,649,350 of itsown ordinary shares ('Shares') of 5p each at a price of 70p per share. Theshares acquired are to be cancelled. The number of Shares in issue following this transaction is reduced from18,530,500 to 16,851,180. Based upon the Net Assets of the Company as per theinterim accounts to 30 September 2007 the share buy back would have the affectof raising the Net Asset Value per share from 114p to 118p. The total number of voting rights in issue is therefore 16,851,180, which is thenumber that may be used by shareholders as the denominator for the calculationsby which they will determine if they are required to notify interest in, or achange in their interest in, the Company under the FSA's Disclosure andTransparency Rules. END Enquiries: Safeland plc 020 8815 1600Larry Lipman, Managing DirectorPaul Davis, Finance Directorwww.safeland.co.uk Arbuthnot Securities 020 7012 2000John PriorBen Wells This information is provided by RNS The company news service from the London Stock Exchange