TIDMCCT

RNS Number : 7710U

Character Group PLC

26 October 2017

26 October 2017

The Character Group plc

("Character Group" or the "Company")

Transaction in Own Shares

In continuing its stated objective to enhance shareholder value, the Company announces that, on 26 October 2017, it bought-back for cancellation 50,500 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at a price of 405 pence per Ordinary Share. The Ordinary Shares acquired for cancellation represent approximately 0.24 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 20,907,602 ("Revised Issued Voting Share Capital").

The Company has an unutilised capacity to buy back up to a further 2,660,200 Ordinary Shares under the authority granted at the Annual General Meeting on 20 January 2017.

Character Group holds 3,027,506 Ordinary Shares in treasury which do not carry voting rights, and these represent approximately 14.48 per cent. of the Revised Issued Voting Share Capital.

The figure of 20,907,602 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:            26 October 2017 
---------------------------  ---------------- 
 Number of Ordinary Shares 
  purchased:                           50,500 
---------------------------  ---------------- 
 Highest price paid per 
  share (pence)                           405 
---------------------------  ---------------- 
 Lowest price paid per 
  share (pence)                           405 
---------------------------  ---------------- 
 Average price paid per 
  share (pence)                           405 
---------------------------  ----------------

Schedule 2: Details of buy-back transactions

 
 Time (hh:mm   Number of Ordinary   Transaction price 
  - GMT)        Shares purchased     (pence per share) 
------------  -------------------  ------------------- 
 13:36                     50,500                  405 
------------  -------------------  -------------------

Enquiries:

The Character Group plc

Kiran Shah, Joint MD

Tel: +44 (0)208 329 3377

Panmure Gordon, Nominated Adviser and Joint Broker

Andrew Godber or Tom Salvesen

Tel: +44 (0)20 7886 2500

Allenby Capital Limited, Joint Broker

Nick Athanas or Katrina Perez

Tel: +44 (0)20 3328 5656

Tooley Street Communications, IR & Media Relations

Fiona Tooley

Tel: +44 (0)7785 703 523

This information is provided by RNS

The company news service from the London Stock Exchange

END

POSLLFLDISLRFID

(END) Dow Jones Newswires

October 26, 2017 13:16 ET (17:16 GMT)

Character (LSE:CCT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Character Charts.
Character (LSE:CCT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Character Charts.