Transaction in Own Shares

RNS Number : 1577X

Character Group PLC

09 February 2012

 

9 February 2012

The Character Group plc

("the Company")

Transaction in Own Shares

As part of the Company's stated objective to enhance shareholder value, the Company advises that yesterday it bought back for cancellation 170,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at a price of 135 pence per share. This represents approximately 0.74 per cent. of the current issued share capital of the Company (excluding shares held in treasury).

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 inter alia the Ordinary Shares purchased for cancellation by the Company announced above and excluding Ordinary Shares held in treasury) is 22,769,581 ("Revised Issued Voting Share Capital").

The Company has a total unutilised capacity to buy back up to a further 5,772,000 Ordinary Shares under the authority granted at the Annual General Meeting in January 2012.

The Company holds 4,019,456 Ordinary Shares in treasury, representing approximately 17.65 per cent. of the Revised Issued Voting Share Capital, which do not carry voting rights.

The figure of 22,769,581 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 change to their interest, in the Company under the Disclosure and Transparency Rules.

Enquiries:
Richard King, Chairman		Russell Cook
Kiran Shah, Group Finance Director & Joint MD	Fiona Tooley	Carl Holmes
The Character Group plc	Citigate Dewe Rogerson	Charles Stanley Securities
Tel: [phone]	Tel: [phone]	(Nominated Adviser)
		Tel: [phone]
Ticker: AIM: CCT

 

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