Transaction in Own Shares

24 Sep 2008 17:28

Chesnara plc24 September 2008Transaction in Own Shares

Chesnara plc ("Chesnara" or "the Company") announces that on 24 September 2008 it purchased 225,000 of its 5p ordinary shares at a volume weighted average price paid per share of 110.8 pence. The highest price paid per share was 112 pence and the lowest price paid per share was 110 pence.

The shares purchased have been transferred into treasury. As a result of this transaction Chesnara now holds 225,000 shares in treasury.

The Board has taken the decision to conduct this purchase of the Company's own shares as a result of the low level of the Company's share price. The total value of shares purchased was ‚£249,200.

The total number of shares in issue (total voting rights) after taking into account the movement of these 225,000 shares into treasury is 104,363,785 (at the date of this announcement).

Enquiries

Graham Kettleborough

Chief Executive, Chesnara plc 07799 407 519