Cenkos Securities PLC EBT Share Purchase Plan (4073T)
18 July 2020 - 2:54AM
UK Regulatory
TIDMCNKS
RNS Number : 4073T
Cenkos Securities PLC
17 July 2020
17 July 2020
Cenkos Securities plc
("Cenkos" or the "Company")
EBT Share Purchase Plan
The Company announces that Zedra Trust Company (Guernsey)
Limited ("Zedra" or the "Trustee"), which administers the Cenkos
Securities plc Employee Benefit Trust (the "EBT"), has entered a
trading plan (the "EBT Share Purchase Plan") with the Company. This
new trading plan replaces a previous plan that expired on 30 June
2020. The EBT Share Purchase Plan will, unless terminated by the
Trustee at an earlier date, expire on 31 December 2020.
Under the EBT Share Purchase Plan the Trustee will instruct
Ravenscroft Limited, as broker, to acquire ordinary shares of 1p
each in the Company ("Ordinary Shares") for the EBT. Purchases
under the EBT Share Purchase Plan will be limited to GBP200,000 of
Ordinary Shares (by market value) per calendar month and the
maximum price paid for such Ordinary Shares shall be an amount
equal to the higher of: (i) 5% above the average of the middle
market quotations for such Ordinary Shares for the preceding five
business days immediately preceding the day on which the purchase
is made; (ii) the price of the last independent trade of Ordinary
Shares on the venue where the purchase is carried out; and (iii)
the highest current independent bid for an Ordinary Share as
derived from the trading venue where the purchase is carried
out.
Zedra, as Trustee of the EBT, can hold up to 10% of the
Company's issued ordinary share capital and has absolute discretion
and independence in respect of all trading decisions it may make in
respect of the purchase of Ordinary Shares pursuant to the EBT
Share Purchase Plan.
For further information, please contact:
Cenkos Securities plc Tel: 0207 397 8900
Jim Durkin, Chief Executive
Officer
SPARK Advisory Partners Limited Tel: 0203 368 3552
Matt Davis, Nominated Adviser
Buchanan Communications Tel: 0207 466 5066
David Rydell, PR Adviser
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END
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