Transaction in Own Shares

RNS Number : 3099P

Paddy Power Betfair plc

07 February 2019

 

7 February 2019

Paddy Power Betfair plc (the "Company")

Transaction in Own Shares

The Company announces that on 6 February 2019 it had purchased a total of 5,224 of its ordinary shares of EUR 0.09 each (the "ordinary shares") on the London Stock Exchange and the Irish Stock Exchange, trading as Euronext Dublin, through the Company's broker, Goodbody Stockbrokers UC ("Goodbody") as detailed below. The repurchased shares will be cancelled.

	London Stock Exchange	Irish Stock Exchange, trading as Euronext Dublin
Number of ordinary shares purchased	5,224	-
Highest price paid (per ordinary share)	£65.9000	-
Lowest price paid (per ordinary share)	£65.9000	-
Volume weighted average price paid (per ordinary share)	£65.9000	-

The purchases form part of the Company's share buyback programme announced on 8 August 2018.

Following settlement of the above purchases, the Company's total number of ordinary shares in issue shall be 78,429,856 ordinary shares, each carrying the right to one vote. The Company also holds 1,965,600 ordinary shares in treasury, which do not carry voting rights.

Trading venue	Currency	Aggregated Volume	Volume Weighted Average Price
XLON	GBP	5,224	£65.9000
XDUB	EUR	-	-

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the detailed breakdown of individual trades made by Goodbody on behalf of the Company as part of the share buyback programme is set out in the Appendix to this announcement.

The Group hereby confirms that the second share buyback programme tranche of £300m commenced on 20 August 2018 has now completed. Goodbody Stockbrokers UC, who was undertaking the related repurchases of the Company's shares on the Group's behalf, repurchased a total of 4,564,134 ordinary shares in the Company all of which have been cancelled.

Accordingly, the Group announces that the full £500m share buyback programme, which commenced on 29 May 2018, has now completed. Under this programme, the Company repurchased for cancellation 6,993,308 ordinary shares for a total consideration of approximately £500m.

Contact:

Ivan Kelly, Investor Relations              Tel: [phone]

Pritti Patel, Company Secretariat       Tel: [phone]

Appendix

Transaction Details

Issuer Name	Paddy Power Betfair plc
LEI	635400EG4YIJLJMZJ782
ISIN	IE00BWT6H894
Intermediary Name	Goodbody Stockbrokers UC
Intermediary Code	GDBSIE21XXX
Timezone	BST
Currency	GBP & EUR (as indicated below)

London Stock Exchange

Number of Shares	Price Per Share (GBP)	Trading Venue	Time of Transaction	Transaction Number
5224	65.90	XLON	09:58:39	00019877129TRDU1

 

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