Return of Capital and Exercise of Options

RNS Number : 0163B

Prime People PLC

26 February 2014

 



Prime People plc

26 February 2014

Return of Capital

Prime People plc (AIM:PRP) (the "Company") announces that it has built a strong cash position and the Board has decided to return surplus cash to shareholders while maintaining a cash balance sufficient to meet its working capital requirements and to fund organic growth. A further announcement detailing the amount payable per share, the payment date and the record date will be made later in the calendar year.

Exercise of Options

The Company also announces that on 26 February 2014 it transferred 3,000 ordinary shares of the Company from its treasury account to satisfy employee share options exercised within the terms of the Company's Enterprise Management Incentive Share Option Scheme.

Following the exercise of share options the Company's issued ordinary share capital consists of 12,066,500  ordinary  shares of which a total of 199,000 ordinary shares are held in treasury. Therefore the total number of ordinary shares with voting rights in Prime People is 11,867,500 ordinary shares. 

The above figure of 11,867,500 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 FSA's Disclosure and Transparency Rules.

For further information, please contact: 

Prime People	020 73181785
Chris Heayberd, Finance Director
Cenkos Securities plc	020 7397 8900
Ivonne Cantu

 

END

 

 

MSCMMGZZDVVGDZM