Transaction in Own Shares

RNS Number : 6522J
Character Group PLC
21 December 2015
 

21 December 2015

 

The Character Group plc

Designers, developers and international distributor of toys, games and giftware

 

("Character Group" or the "Company")

 

Transaction in Own Shares

 

 

In continuing its stated objective to enhance shareholder value, Character Group (AIM:CCT.L) announces that, on 18 December 2015, it bought-back for cancellation 85,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at a price of 478.82 pence per Ordinary Share.  The Ordinary Shares acquired for cancellation represent approximately 0.39 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 the Ordinary Shares purchased for cancellation by the Company announced above and excluding Ordinary Shares held in treasury) is 21,523,490 ("Revised Issued Voting Share Capital").

 

The Company has an unutilised capacity to buy back up to a further 4,482,409 Ordinary Shares under the authority granted at the Annual General Meeting on 16 January 2015.

 

Character Group holds 3,269,456 Ordinary Shares in treasury which do not carry voting rights and these represent approximately 15.19 per cent. of the Revised Issued Voting Share Capital,.

The figure of 21,523,490 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:

 

The Character Group plc

Kiran Shah, Group Finance Director & Joint MD

Mark Dowding, CFO

Office: +44 (0) 208 329 3377

Email: info@charactergroup.plc.uk

www.thecharacter.com


 

Panmure Gordon (Nominated Adviser and Joint Broker)

Russell Cook, Investment Banking

Tom Salvesen, Corporate Broking

Tel: +44 (0) 20 7886 2500


 

Allenby Capital Limited (Joint Broker]

Nick Athanas

Katrina Perez

Tel: +44 (0) 20 3328 5656

TooleyStreet Communications Limited (investor and media relations)

Fiona Tooley

Tel:  +44 (0) 7785 703523

Email: fiona@tooleystreet.com

 

 

 


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