Coral Products PLC Transaction in Own Shares (4069Y)
14 January 2022 - 6:00PM
UK Regulatory
TIDMCRU
RNS Number : 4069Y
Coral Products PLC
14 January 2022
Coral Products plc
("Coral" or the "Company")
Transaction in Own Shares
Coral Products plc (AIM: CRU), a specialist in the design,
manufacture and supply of plastic products, announces that on 13
January 2022, pursuant to the authority approved by shareholders at
the Company's Annual General Meeting dated 27 October 2021, the
Company purchased 1,340,655 ordinary shares of 1 pence each
("Ordinary Shares") at a price of 15pence each (the
"Transaction").
The Board believes buying back shares at the current price
represents an outstanding opportunity to buy back into treasury
shares which can then be issued to fulfil the anticipated exercise
of existing share options or in part payment for any future
acquisition.
The Ordinary Shares, which have been purchased, will be held in
treasury. Following the Transaction, the Company holds 7,303,655
Ordinary Shares in treasury. Therefore, the total number of voting
rights in the Company is 78,638,879 shares, which may be used by
shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail on shares acquired.
Details of the trade:
a) Name Coral Products plc
2 Reason for the notification
a) Position/status Treasury Share Account
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Coral Products plc
b) LEI 213800M2XLY2QGBMUN82
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 1p
Identification code
GB0002235736
b) Nature of the transactions Purchase of Ordinary Shares
c)
Price(s) and volume(s) Price(s) Volume(s)
15p 1,340,655
d) Aggregated information
- Aggregated volume 1,340,655
- Price 15p
e) Date of the transaction 13 January 2022
f) Place of the transaction London Stock Exchange, AIM
For further information please contact:
Coral Products plc Tel: 07703 51
Joe Grimmond, Executive Chairman 8148
Nominated Adviser & Broker
WH Ireland Limited Tel: 0207 220
Adrian Hadden 1666
Darshan Patel
Megan Liddell
Jasper Berry (Corporate Broking)
Capital Markets Consultants Tel: 07515 587
Limited 184
Richard Pearson
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END
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