Transaction in Own Shares

RNS Number : 2111Z

Coral Products PLC

20 May 2021

 

Coral Products plc

("Coral" or the "Company")

Transaction in Own Shares

Coral Products plc (AIM: CRU), a specialist in the design, manufacture and supply of plastic products,  announces that on 19 May 2021, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 13 January 2021, the Company purchased 1,000,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 14 pence each (the "Transaction").

The Board believes buying back shares at the current price represents an outstanding opportunity to buy back into treasury shares which can then be issued to fulfil the anticipated exercise of existing share options or in part payment for any future acquisition.

The Ordinary Shares, which have been purchased, will be held in treasury. Following the Transaction, the Company holds 2,695,000 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 83,247,534 shares, which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

	Details of the trade:
a)	Name	Coral Products plc
2	Reason for the notification
a)	Position/status	Treasury Share Account
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Coral Products plc
b)	LEI	213800M2XLY2QGBMUN82
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument  Identification code	Ordinary shares of 1p GB0002235736
b)	Nature of the transactions	Purchase of Ordinary Shares
c)
	Price(s) and volume(s)	Price(s) Volume(s) 14.0p 1,000,000
d)	Aggregated information -  Aggregated volume -  Price	1,000,000 14.0p
e)	Date of the transaction	19 May 2021
f)	Place of the transaction	London Stock Exchange, AIM

For further information please contact:

Coral Products plc Joe Grimmond, Non-Executive Chairman	Tel: [phone]
Nominated Adviser & Broker WH Ireland Limited Adrian Hadden Darshan Patel Lydia Zychowska Jasper Berry (Corporate Broking)	Tel: [phone]
Capital Markets Consultants Limited Richard Pearson	Tel: [phone]

 

END

 

 

POSSFDFUUEFSESI