Transaction in Own Shares and Total Voting Rights

RNS Number : 1382I

Churchill China PLC

22 November 2018

 

Churchill China plc

("Churchill China" or the "Company")

Transaction in Own Shares and Total Voting Rights

Churchill China announces that on 21 November 2018 it bought 3,500 ordinary shares of 10 pence each in the Company ('Ordinary Shares') at an average price of 1,086 pence per Ordinary Share, to be held in Treasury.

The above share buyback was carried out using the authority received at the Company's Annual General Meeting held on 17 May 2018 to purchase up to 1,096,232 of its own Ordinary Shares.    

The Company may purchase Ordinary Shares subject to the following parameters:

(i)           the maximum aggregate number of Ordinary Shares authorised to be purchased under the shareholder authority is 1,096,232;

(ii)          the minimum price which may be paid for an Ordinary Share, exclusive of all expenses, is be 10 pence; and

(iii)         the maximum price which may be paid for an Ordinary Share, exclusive of all expenses, is an amount equal to 5% above the average of the middle market quotations for an Ordinary Share for the five business days immediately preceding the date on which such Ordinary Share is purchased.

Total voting rights

Following the above transaction the Company holds 70,422 Ordinary shares in Treasury and its share capital now consists of 11,030,172 Ordinary Shares. Therefore, the total number of voting rights is 10,959,750. 

The figure of 10,959,750 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Churchill China under the FCA's Disclosure and Transparency Rules

For further information, please contact:

Churchill China plc
David Taylor	Tel: [phone]
N+1 Singer
Richard Lindley	Tel: [phone]

 

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