Transaction in Own Shares

RNS Number : 2860N
Character Group PLC
09 June 2010
 

Date: Wednesday, 09 June 2010

 

The Character Group plc

('Company' or 'Group')

designers, developers and international distributors of toys, games and gifts

 

Transaction in Own Shares

 

 

As part of the Group's stated objective to enhance shareholder value, the Company advises that it yesterday bought back for cancellation 198,000 ordinary shares of the Company (as listed below) in the market, through Charles Stanley Securities. This represents approximately 0.69 per cent. of the current issued share capital of the Company (excluding shares held in treasury).

 

Number of shares

Price (pence)

45,000

138

10,000

140

143,000

150

 

 For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares in issue as at the date of this notice (taking into account the ordinary shares purchased for cancellation by the Company announced above and excluding shares held in treasury) is 28,617,667 ("Revised Issued Voting Share Capital").

 

The Company holds 4,019,456 ordinary shares in treasury, representing approximately 14.05 per cent. of the Revised Issued Voting Share Capital, which do not carry voting rights.

 

The figure of 28,617,667 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or any change to their interest, in the Company under the Disclosure and Transparency Rules. 

 

The Company now has an unutilised capacity to buy back up to a further 2,496,186 ordinary shares in the Company (approximately 8.72 per cent. of the Revised Issued Voting Share Capital) under the authority granted at the AGM on 20 January 2010.

 

 

Enquiries:



 

Richard King, Chairman

Fiona Tooley

Russell Cook

 

Kiran Shah, Group Finance Director & Joint MD


Carl Holmes

 




 




 

The Character Group plc

Citigate Dewe Rogerson

Charles Stanley Securities

 

Mobile: +44 (0)7836 250150 (RK)

Mobile: +44 (0)7785 703523 (FT)

(Nominated Adviser)

 

Mobile: +44 (0)7956 278522 (KS)

Tel: +44 (0)121 362 4035

Tel: +44 (0)207 149 6000

 

Tel: +44 (0)208 329 3377



 

www.thecharacter.com



 

Ticker: AIM: CCT



 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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