Character Group PLC Transaction in Own Shares (5025K)
22 September 2016 - 4:01PM
UK Regulatory
TIDMCCT
RNS Number : 5025K
Character Group PLC
22 September 2016
22 September 2016
The Character Group plc
Designers, developers and international distributor of toys,
games and giftware
("Character Group" or the "Company")
Transaction in Own Shares
In continuing its stated objective to enhance shareholder value,
Character Group (AIM:CCT.L) announces that, on 21 September 2016,
it bought-back for cancellation 292,402 ordinary shares of 5p each
in the capital of the Company ("Ordinary Shares") in the market at
an average price of 447.487 pence per Ordinary Share. The Ordinary
Shares acquired for cancellation represent approximately 1.36 per
cent. of the current issued share capital of the Company (excluding
shares held in treasury).
For the purposes of the Financial Conduct Authority's Disclosure
and Transparency Rules, the total number of Ordinary Shares in
issue as at the date of this notice (taking into account the
Ordinary Shares purchased for cancellation by the Company announced
above and excluding Ordinary Shares held in treasury) is 21,139,152
("Revised Issued Voting Share Capital").
The Company has an unutilised capacity to buy back up to a
further 2,791,298 Ordinary Shares under the authority granted at
the Annual General Meeting on 22 January 2016.
Character Group holds 3,269,456 Ordinary Shares in treasury
which do not carry voting rights and these represent approximately
15.47 per cent. of the Revised Issued Voting Share Capital.
The figure of 21,139,152 may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest, or change to their
interest, in the Company under the Disclosure and Transparency
Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), the schedule below contains
a summary of and detailed information about the purchases made by
Panmure Gordon (UK) Limited on behalf of the Group as part of the
buy-back programme.
Schedule 1: Summary of buy-back transactions
Date of purchase : 21 September 2016
--------------------------- ------------------
Number of Ordinary Shares
purchased: 292,402
--------------------------- ------------------
Highest price paid per
share (pence) 448
--------------------------- ------------------
Lowest price paid per
share (pence) 447
--------------------------- ------------------
Average price paid per
share (pence) 447.487
--------------------------- ------------------
Schedule 2: Details of buy-back transactions
Time (hh:mm - Number of Ordinary Transaction price
GMT) Shares purchased (pence per share)
-------------- ------------------- -------------------
15:07 150,000 447
-------------- ------------------- -------------------
16:57 142,402 448
-------------- ------------------- -------------------
Enquiries:
The Character Group plc
Mark Dowding, Group Finance Director and Company
Secretary
Office: +44 (0) 20 8329 3377
Email: info@charactergroup.plc.uk
www.thecharacter.com
Panmure Gordon (Nominated Adviser and Joint Broker)
Andrew Godber, Investment Banking
Tom Salvesen, Corporate Broking
Tel: +44 (0) 20 7886 2500
Allenby Capital Limited (Joint Broker]
Nick Athanas
Katrina Perez
Tel: +44 (0) 20 3328 5656
TooleyStreet Communications Limited (investor
and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
Email: fiona@tooleystreet.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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