Transaction in Own Shares

30 Aug 2006 15:55

2 ergo Group plc30 August 2006 Immediate release 30 August 2006 2ergo Group plc (the "Company") Following approval of the share buy back agreement by the Company's shareholdersat the Annual General Meeting of the Company held on 7 April 2005, the Companyis pleased to announce that 827,272 ordinary shares of 1p each in the issuedshare capital of the Company ("ordinary shares") were purchased on 24 August2006 from Michael Kilgannon and are to be held in treasury. Following this purchase, the Company now holds in treasury a total of 2,040,829ordinary shares and has in issue 27,811,624 ordinary shares, excluding thoseheld in treasury. This transaction completes the purchase by the Company of allof Mr Kilgannon's outstanding shares. The shares were purchased at a price of 110p per share, which the Board believesrepresents excellent value for shareholders. Placing these shares into treasurywill enable the Company to use them to facilitate future transactions withoutdiluting existing shareholdings. The Board also expects the buy back to improvethe Company's earnings per share. The Company would also like to confirm that prior to this purchase, the Companyhad in issue 28,638,896 ordinary shares and not 28,288,896 ordinary shares asincorrectly stated in the announcement made on 21 August 2006. -ends- For further information, please contact: 2ergo group 01706 221 777Jill Collighan, Finance Director Tavistock Communications 020 7920 3150Christian Taylor-WilkinsonSimon Compton Notes to editors: About 2ergo Group plc2ergo Group Plc is a leading provider of interactive and multi-channelcommunications across mobile and fixed-line telecommunications and the Internet.Clients range from SMEs to multi-national enterprises and public sectororganisations. 2ergo's services and solutions enable organisations to exploit the benefits oftechnology, to switch on new revenue streams, optimise business processes andopen up new marketing channels. The Group listed on AIM in March 2004. This information is provided by RNS The company news service from the London Stock Exchange