BT Group PLC Transaction in Own Shares (9982R)
14 March 2016 - 10:45PM
UK Regulatory
TIDMBT.A
RNS Number : 9982R
BT Group PLC
14 March 2016
14 March 2016
BT GROUP PLC
TRANSACTIONS IN OWN SHARES
BT Group plc (the "Company") announces that it has instructed
commencement of a non-discretionary programme to purchase up to
GBP15 million worth of ordinary shares to be held as treasury
shares, during the period beginning on 14 March 2016 and ending on
or before 15 March 2016. This forms part of the previously
announced annual share buyback of around GBP300 million, to help
offset the dilutive effect of maturing all-employee share
plans.
This buyback programme will be managed by Merrill Lynch
International, who are an independent third party that the Company
has duly authorised to make trading decisions independently of, and
uninfluenced by, the Company.
Any acquisitions will be effected within certain pre-set
parameters, and in accordance with both the Company's general
authority to repurchase shares and Chapter 12 of the Listing Rules
which requires that the maximum price paid be limited to no more
than 5 per cent above the average market value for the shares as
derived from the London Stock Exchange Daily Official List for the
five business days immediately prior to such purchase.
Contacts:
Investor relations:
Damien Maltarp Tel: 020 7356 4909
Press office:
Ross Cook Tel: 020 7356 5369
- : Ends : -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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