Share Buy-backs

RNS Number : 8524Y

D4T4 Solutions PLC

11 December 2017

 

D4t4 Solutions Plc

(the "Company", "Group" or "D4t4")

'ALL ABOUT THE DATA'

Share buy-backs

D4t4 Solutions Plc (AIM: D4T4) announces that it will, with immediate effect, commence an up to £200,000 share buy-back of ordinary shares of 2 pence in the capital of the Company ("Ordinary Shares") as and when they become available at volumes and prices that, from time to time, the Board of D4t4 considers appropriate (the "Buy-back").

The timing and the actual number of Ordinary Shares repurchased under the Buy-back will be dependent on market conditions, legal and regulatory requirements.

Any Buy-backs will be effected in accordance with the terms of its general authority to make market purchases of its own Ordinary Shares granted to it by shareholders of the Company on 27 July 2017 ("Authority"), including that the maximum price paid per Ordinary Share is to be no more than 105 per cent. of the average middle market closing price of an Ordinary Share for the five business days preceding the date of any Buy-back.

To the extent permitted by law, the Company intends to hold all ordinary shares so purchased in treasury for the purpose of satisfying future obligations in relation to its employees' or other share schemes eligible under the safe harbour for buy-backs provided under Article 5 of the Market Abuse Regulation.

Due to the limited liquidity in the issued Ordinary Shares, a buy-back of Ordinary Shares pursuant to the Authority on any trading day is likely to represent a significant proportion of the daily trading volume in the Ordinary Shares on AIM and is likely to exceed 25 per cent. of the average daily trading volume, being the limit laid down in Article 5(1) of Regulation (EU) No 596/2014 and, accordingly, the Company will not benefit from the exemption contained in this Article.

The Company will make further announcements in due course following any share repurchases.

ENQUIRIES
D4t4 Solutions Plc Peter Kear, Chief Executive Officer Carmel Warren, Chief Financial Officer Tel: [phone] email: [e-mail] finnCap (Nominated Adviser & Broker) Ed Frisby/Emily Watts - Corporate Finance Stephen Norcross/Sultan Awan - Corporate Broking Tel: [phone] TooleyStreet Communications (IR & Media Relations) Fiona Tooley: Tel: [phone] email: [e-mail]
EDITOR'S NOTE 'ALL ABOUT THE DATA' D4t4 Solutions Plc We operate within Asia, Europe and North America, employing 125 staff and servicing clients in over 21 countries and, our data collection software is running on, more than 25,000 websites.  Our people and intellectual property combine to create four core capabilities: v Data collection software (Celebrus) and skills v Data Management based facilities and skills v Data Analytics capabilities, solutions and skills v Data Solutions that are on premise or in the cloud and combine hardware, software and services. At D4t4, we are energetically focused on solutions that enable clients who operate from within the financial services, retail, travel & transport, telco, insurance and automotive sectors to get the most from their data.  From collection, through to management and analysis, we provide comprehensive products and services that drive value from our clients' information assets.  We are accredited to ISO27001: Information Security Management Standard and PCI Data Security Standard.  To find out more, visit www.d4t4solutions.com

 

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