26 June 2002
RM plc - purchase of own shares
RM plc, the UK's leading supplier of ICT software, systems and services to
education establishments, announces that on 25 June it purchased for
cancellation 300,000 ordinary shares of 2p each at a price of 70p per share.
The shares purchased by RM today represent approximately 0.3% of the Group's
issued share capital.
A special resolution was passed at RM's AGM on 23 January 2002 allowing the
Group to make market purchases of up to 4,718,419 shares (5% of shares in
issue).
As part of its announcement of results for the six months ended 31st March
2002, RM reported strong cash generation, with cash up £16 million on a year
ago to £33.2 million.
- Ends -
For further information, please contact:
Phil Hemmings RM plc 08709 200200
Andrew Fenwick/Fiona Fong Brunswick 020 7404 5959
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