Close Period Announcement

RNS Number : 3398X

Diageo PLC

23 June 2008

 



23rd June 2008

Diageo puts in place programme to enable the buy back of shares in forthcoming closed period

DIAGEO plc announces that it has put in place an irrevocable, non-discretionary programme to allow the company to buy back shares during the closed period which precedes the preliminary results announcement on 28 August 2008. The buy-back programme during the closed period will be managed by an independent third party, which will make its trading decisions in relation to the company's securities independently of, and uninfluenced by, the company.

Share buy backs will be effected during the period between 24 June 2008 and 28 August 2008 within pre-set parameters. The buy backs will be in accordance with Diageo's general authority to repurchase shares and in accordance with Chapter 12 of the Listing Rules. Consequently the maximum price per Share shall be no more than the higher of (i) an amount equal to 105% of the average of the middle market quotations for a Share (as derived from the London Stock Exchange Daily Official List) for the 5 days when the London Stock Exchange is open for dealing immediately preceding the day on which the Share is contracted to be purchased and (ii) the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange official list at the time the purchase is carried out. The shares repurchased will be cancelled on a daily basis.

In announcing this Diageo confirms that currently it has no unpublished price sensitive information. Diageo will announce preliminary results for the twelve months ending 30 June 2008 on 28 August 2008.

 

END

 

 

MSCQXLFLVQBBBBE