Share Repurchase Programme

RNS Number : 3460D

Soco International PLC

15 May 2012

 

15 May 2012

SOCO International plc

("SOCO" or "the Company")

Share Repurchase Programme

The Company announced on 13 January 2012 that it was undertaking a share repurchase programme to purchase shares up to an equivalent value of £25 million through Merrill Lynch International.  The timing and quantum of any purchases will be determined with regard to prevailing market conditions and in accordance with the authority conferred by the Company's shareholders at the AGM. In light of prevailing liquidity conditions and in line with the Market Abuse Directive, the Company may from time to time purchase in excess of 25 per cent of the average daily volume, but not in excess of 50 per cent.

 

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