Purchase of own Shares into Treasury and TVR

RNS Number : 3031T

Headlam Group PLC

02 July 2018

 

 2 July 2018

Headlam Group plc

("Headlam" or the "Company")

Transaction of own shares: purchase of own shares into treasury

Headlam Group plc (LSE: HEAD), Europe's largest distributor of floorcoverings, announces that on 2 July 2018 it purchased into treasury 97,192 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares"), in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 24 May 2018, at a volume weighted average price of 489.26 pence per Ordinary Share. This represents 0.12% of the issued share capital of the Company (excluding treasury shares).

The highest price paid was 490.0 pence per Ordinary Share and the lowest price paid was 485.96 pence per Ordinary Share.

The 97,192 Ordinary Shares were purchased on the open market and will be held in treasury for the purpose of satisfying future share options and share awards under the Company's employee share schemes.

Following this purchase, the Company holds 1,068,091 Ordinary Shares as treasury shares. The Company's issued share capital consists of 84,295,652 Ordinary Shares (excluding treasury shares), with one voting right per Ordinary Share.  Therefore, the total number of voting rights in the Company is 84,295,652.

The above figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Headlam Group plc		Tel: [phone]
Steve Wilson, Chief Executive
Investec Bank plc (Corporate Broker)		Tel: [phone]
Garry Levin / David Flin / Alex Wright
Buchanan (Financial PR and IR)		Tel: [phone]
Mark Court / Sophie Wills / Catriona Flint

Notes for Editors:

Headlam is Europe's largest distributor of floorcoverings having grown significantly via organic growth and acquisition since 1992.

Headlam's core business provides the distribution link between suppliers and customers of floorcoverings, providing suppliers with the greatest coverage and customer penetration for their products across the UK and Continental Europe, and customers with the broadest range of products supported by next day delivery.

The Company is engaged with suppliers across 16 primary countries whose products cover a significant proportion of the floorcoverings market including carpet, residential vinyl, engineered wood, laminate, luxury vinyl tiles, ceramic tiles, underlay and commercial flooring. The Company's customers are within both the residential and commercial sectors and comprise principally independent retailers and flooring contractors.

The Company comprises 64 wholly-owned businesses in the UK and Continental Europe (UK 60, Continental Europe 4) each operating under their own trade brand and utilising their individual sales team which achieves greater market penetration.

Each of the businesses is supported by the Company's centralised and financial resources and extensive distribution network across the UK and Continental Europe.

www.headlam.com

 

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