WH Smith PLC Purchases of Shares During Open Periods (9966M)
20 October 2016 - 5:00PM
UK Regulatory
TIDMSMWH
RNS Number : 9966M
WH Smith PLC
20 October 2016
WH SMITH PLC - PURCHASES OF SHARES DURING OPEN PERIODS
WH Smith PLC (the "Company") announces that it has entered into
an arrangement with Barclays Bank PLC, acting through its
investment bank ("Barclays"). The arrangement allows Barclays to
purchase, together with any other ordinary shares in the Company
(the "Shares") purchased on the Company's behalf pursuant to its
buyback programme, up to 11,477,980 ordinary shares in the Company
during open period of the Company arising between the date hereof
and 2 December 2016. These share purchases will be made on the
Company's behalf and in accordance with the arrangement.
Any share purchases effected pursuant to the arrangement will be
subject to the terms of the arrangement with Barclays and in any
case will be effected in a manner consistent with both the general
authority vested in the Company to repurchase shares and Chapter 12
of the United Kingdom Listing Rules, which require that the maximum
price paid be limited to be no more than the higher of (i) 105 per
cent of the average middle market closing price of the Company's
ordinary shares for the five business days before the purchase is
made, and (ii) the higher of the price of the last independent
trade and the highest current independent bid on the trading venue
where the purchase is carried out. The aggregate purchase price
under this arrangement will not exceed GBP10 million.
The sole purpose of these share purchases is to reduce the
Company's share capital.
Further information on the Company can be found on our Internet
site: www.whsmithplc.co.uk
Enquiries:-
WH Smith PLC
Mark Boyle
Investor Relations
020 7406 6320
This information is provided by RNS
The company news service from the London Stock Exchange
END
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