Crossrider plc Transaction in Own Shares (2116L)
08 January 2016 - 6:00PM
UK Regulatory
TIDMCROS
RNS Number : 2116L
Crossrider plc
08 January 2016
Crossrider plc
("Crossrider," the "Company" or the "Group")
Transaction in own shares and completion of buy-back
programme
Crossrider (AIM: CROS), the creator of digital advertising
platforms specialising in monetising web and mobile media through
the use of big data, announces that, on 7 January 2016, it
purchased 1,250,000 of its ordinary shares of USD 0.0001 each in
the Company ("Ordinary Shares") at a price per share of 54p.
Crossrider purchased these shares through Shore Capital
Stockbrokers Limited.
The number of shares purchased represented 0.88% of the voting
rights attributable to the total ordinary shares in issue prior to
such purchase. The purchased shares will be held in treasury.
Completion of buy-back programme
As previously announced the share buy-back programme was due to
end on 8 January 2016 and accordingly, has now ended. The Company
has acquired a total of 7,451,423 of its own shares for a cost
(excluding dealing and associated costs) of GBP4,051,511.21,
equivalent to US$6 million at the current prevailing exchange
rate.
The 7,451,423 shares acquired are equivalent to 5.0% of the
Company's issued share capital on 19 November 2015, when the share
buy-back programme commenced.
The total number of Ordinary Shares in issue (excluding treasury
shares) following this announcement is 141,044,650. Crossrider
holds 7,451,423 shares in treasury.
- ends -
For more information contact
Crossrider plc
Koby Menachemi, Chief Executive
Officer
Mark Carlisle, Chief Financial
Officer
c/o Bell Pottinger +44 (0) 20 3772 2496
Shore Capital
Bidhi Bhoma
Toby Gibbs +44 (0) 20 7408 4090
Bell Pottinger
David Rydell
James Newman
Sam Cartwright +44 (0) 20 3772 2500
About Crossrider
Crossrider is a creator of digital advertising platforms
specialising in monetising web and mobile media through the use of
big data. The Company's web and mobile platforms power ad networks,
agencies and direct publishers and enable the delivery of relevant
digital advertising through the analysis of big data: making online
marketing significantly more efficient and cost effective.
The Group operates web and mobile platforms which generate big
data, enabling the development of a proprietary ad serving
algorithm and engine that can extract value from this data to
deliver relevant advertising to targeted users.
Crossrider's vision is to become the de facto standard platform
for delivering relevant web and mobile adverts to billions of
people, powering the next generation of digital advertising.
www.crossrider.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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