Purchase of Own Shares

RNS Number : 2389U

Driver Group plc

27 March 2019

 

Driver Group plc

("Driver Group" or the "Company")

Purchase of own shares

Driver Group plc (AIM:DRV), the leading global professional services consultancy to the construction and engineering industries, providing multi-disciplinary consultancy services including expert witness, claims and dispute resolution services, announces, further to its announcement on 13 March 2019 of the implementation of a share buy-back programme that, on 27 March 2019, it has purchased 500,000 of its ordinary shares at an average price of 60.00 pence per share. The purchased shares will be held in treasury.

Aggregated information:

Date of purchase:	27 March 2019
Issuer name:	Driver Group plc
ISIN:	GB00B0L9C092
Number of ordinary shares purchased:	500,000
Volume weighted average price paid per share:	60.00 pence
Trading venue	London Stock Exchange

Transaction details:

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a full breakdown of the individual trades made by N+1 Singer on behalf of the Company as part of the Buy-Back programme is detailed below:

Number of shares purchased	Transaction price (GBp)	Time of transaction	Trading venue
500,000	60.00	16:11:29	AIMX

Total Voting Rights

Following the purchase, the Company's total issued share capital will consist of 53,962,868 shares of 0.4 pence each ("Ordinary Shares") with one voting right per share. The Company will hold 827,500 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company will be 53,135,368.

The above figure of 53,135,368 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, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries: Driver Group plc		Tel: [phone]
Gordon Wilkinson, Chief Executive Officer
David Kilgour, Chief Financial Officer
N+1 Singer (Nominated Adviser & Broker)		Tel: [phone]
Sandy Fraser Jen Boorer
Acuitas Communications (Financial PR)		Tel: [phone]
Simon Nayyar		[e-mail]
Fraser Schurer-Lewis		[e-mail]

 

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