Transaction in Own Shares

21 Nov 2008 07:00

Chesnara plc20 November 2008Transaction in Own Shares

Chesnara plc ("Chesnara" or "the Company") announces that on 20 November 2008 it purchased 706,000 of its 5p ordinary shares at a volume weighted average price paid per share of 108 pence. The highest price paid per share was 108 pence and the lowest price paid per share was 108 pence.

The shares purchased have been transferred into treasury. As a result of this transaction Chesnara now holds 3,096,194 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 ‚£762,480.

The total number of shares in issue (total voting rights) after taking into account the movement of these 706,000 shares into treasury is 101,492,591 (at the date of this announcement).

Enquiries

Graham Kettleborough

Chief Executive, Chesnara plc 07799 407 519