Transaction in Own Shares

25 Sep 2008 17:21

Chesnara plc25 September 2008Transaction in Own Shares

Chesnara plc ("Chesnara" or "the Company") announces that on 25 September 2008 it purchased 40,121 of its 5p ordinary shares at a volume weighted average price paid per share of 115.0 pence. The highest price paid per share was 115 pence and the lowest price paid per share was 111 pence.

The shares purchased have been transferred into treasury. As a result of this transaction Chesnara now holds 265,121 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 ‚£46,138.

The total number of shares in issue (total voting rights) after taking into account the movement of these 40,121 shares into treasury is 104,323,664 (at the date of this announcement).

Enquiries

Graham Kettleborough

Chief Executive, Chesnara plc 07799 407 519