Transaction in Own Shares

RNS Number : 5154X

Character Group PLC

16 February 2012

 

16 February 2012

The Character Group plc

("the Company")

Transaction in Own Shares

Further to the announcement on 9 February 2012 the Company's announces that on 15 February 2012 it acquired a further 50,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at a price of 138.5 pence per share.  This represents approximately 0.22per 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 the Ordinary Shares purchased for cancellation by the Company announced above and excluding Ordinary Shares held in treasury) is 22,719,581 ("Revised Issued Voting Share Capital").

The Company has a total unutilised capacity to buy back up to a further 5,722,000 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 17.69 per cent. of the Revised Issued Voting Share Capital, which do not carry voting rights.

The figure of 22, 719,581 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.

The Board also announces that it is the intention of certain of the Company's directors, being those directors listed below, to ensure that their respective percentage holdings remain broadly unchanged as a result of the Company's share buy-back programme and, accordingly, will seek to maintain their percentage shareholdings by participating in any further buy-back of Ordinary Shares by the Company on the same terms offered to the market.  The relevant Directors' shareholdings (including those of their related parties) currently comprise:

Director	Current shareholding	Percentage interest
R King	3,831,209	16.86%
K P Shah	5,573,250	24.53%
J J Diver	1,046,003	4.60%
J J P Kissane	600,000	2.64%

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

 

END

 

 

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