Transaction in Own Shares

30 Oct 2008 18:21

Chesnara plc30 October 2008Transaction in Own Shares

Chesnara plc ("Chesnara" or "the Company") announces that on 30 October 2008 it purchased 708,751 of its 5p ordinary shares at a volume weighted average price paid per share of 104.5 pence. The highest price paid per share was 104.5 pence and the lowest price paid per share was 104.5 pence.

The shares purchased have been transferred into treasury. As a result of this transaction Chesnara now holds 2,188,494 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 ‚£740,644.80.

The total number of shares in issue (total voting rights) after taking into account the movement of these 708,751 shares into treasury is 102,400,291 (at the date of this announcement).

Enquiries

Graham Kettleborough

Chief Executive, Chesnara plc 07799 407 519