Elektron PLC
21 February 2006
For immediate release 21 February 2006
Elektron Plc
('Elektron' or the 'Company')
Elektron, the AIM quoted components group, announces that the Company may,
pursuant to the authority granted at its Annual General Meeting held on 28 July
2005, purchase its own shares on market in relation to the following
transaction:
Family and associated holdings of the late Mr JAD Skailes, a former director of
the Company, have indicated that they wish to sell 2,215,000 ordinary shares,
which represents 2.8 per cent. of the current issued share capital of the
Company. In order to maintain an orderly market in the Company's shares the
Board of Directors has confirmed that it is prepared to purchase these shares,
in an on-market transaction, to the extent that other purchasers have not done
so within five business days of the date hereof, at the mid market price
prevailing at the close of business on the day preceding this announcement,
which amounted to 13.5 p per share.
Details of the number of shares purchased will be announced after completion of
the transaction.
For further information:
Christopher Leigh
Elektron Plc
Tel: 020 8477 9308
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.