Transaction in Own Shares

RNS Number : 5848E

Land Securities Group PLC

01 June 2012

 



LAND SECURITIES GROUP PLC

TRANSACTION IN OWN SHARES

1 June 2012

On 16 May 2012 the Company announced, in its preliminary results, that it may buy back an equivalent number of shares to those issued to shareholders who elected to receive scrip dividends, where the shares were issued at a price which was materially below the Company's adjusted net asset value per share.

In accordance with that announcement, the authority provided by shareholders on 21 July 2011 and the FSA's Disclosure and Transparency Rules, the Company confirms that on 31 May 2012, it acquired 1,768,823 ordinary shares of 10 pence each at an average cost of 711.77 pence per share.  The shares acquired, which will be held in Treasury, were the same number as issued by the Company in April 2012 in connection the scrip dividend alternative for its third interim dividend.

Following the acquisition, as at 1 June 2012, the Company's issued ordinary share capital consisted of 786,914,827 shares of 10p each, of which 7,664,823 shares were held in Treasury.

Accordingly, the total number of voting rights in Land Securities Group PLC as at 1 June 2012 was 779,250,004.  This figure should be used by shareholders as the denominator for calculations by which they determine if they are required to notify the Company of their interest, or a change to their interest, in its shares.

Phil Higgins

Deputy Secretary

0207 024 5219

 

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