Kerry Group PLC
26 June 2006
26 June, 2006
Kerry Group plc
Commencement of Buy Back Programme
Kerry Group plc ('Kerry' or 'the Company') advises the commencement of a buy
back programme of up to 2.8 million Ordinary Shares, representing approximately
1.5% of the issued ordinary share capital of the Company.
Any buy backs conducted under the programme will be in accordance with the
Company's general authority to repurchase securities as approved at the recent
Annual General Meeting of the Company and in accordance with the Listing Rules
of the Irish Stock Exchange, the Listing Rules of the UK Listing Authority, the
Market Abuse Directive and any other applicable legislation and regulatory
requirements. Consequently the maximum price payable will be limited to no more
than 105% of the average daily price at which Ordinary Shares are dealt on each
of the 5 dealing days preceding the date of purchase. The shares repurchased
will be held as Treasury Shares, pending their reissue to meet obligations
arising from allocations of shares to employees pursuant to the Company's share
option schemes and long term incentive plan. The buyback authority under which
the programme is being conducted is valid until the 2007 Annual General Meeting.
For further information please contact:
Michael Ryan,
Head of Investor Relations,
Kerry Group plc,
Prince's Street,
Tralee,
Co. Kerry,
Ireland.
Tel: +353 66 7182255
or
Eugenee Mulhern,
Davy,
Davy House,
49 Dawson Street,
Dublin 2,
Ireland.
Tel: + 353 1 6796363
- ENDS -
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