Transaction in Own Shares

RNS Number : 4841D

FastForward Innovations Limited

31 January 2018

 

31 January 2018

FastForward Innovations Ltd

("FastForward" or the "Company")

Transaction in Own Shares

FastForward Innovations Limited (AIM: FFWD) (the "Company") announces that it has made the following redemptions pursuant to the extension to the share buyback programme (the "Buyback Programme") announced on 19 January 2018:

Date of purchase:	22 January
Number of Ordinary Shares purchased:	670,000
Highest price paid per Ordinary Share:	£0.1780
Lowest price paid per Ordinary Share:	£0.1751
Volume weighted average price per Ordinary Share:	£0.1762

Date of purchase:	23 January
Number of Ordinary Shares purchased:	175,000
Highest price paid per Ordinary Share:	£0.1797
Lowest price paid per Ordinary Share:	£0.1775
Volume weighted average price per Ordinary Share:	£0.1791

Following the repurchase of the shares set out above, the Company's issued share capital consists of 136,144,498 Ordinary Shares. 4,793,623 Ordinary shares are held in Treasury. For reporting under the FCA's Disclosure and Transparency Rules, Shareholders should exclude any shares held in Treasury and should use the figure of 131,350,875 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company The Company will make further announcements in due course following the completion of any further purchases pursuant to the Buyback Programme. In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by the Company, which were all executed through the Company's broker, Optiva Securities Limited, are set out below: Schedule of Purchases:
Shares purchased:	FastForward Innovations Limited (ISIN: GG00BRK9BQ81)
Dates of purchase:	22 January 2018
	23 January 2018

Aggregate Information:
Aggregated volume	Volume weighted average price	Venue
845,000	£0.1768	AIM market, London Stock Exchange PLC

Individual transactions
Date of purchase:	Time of purchase:	Number of Ordinary Shares purchased:	Price paid per Ordinary Share (p)	Volume weighted average price per Ordinary Share
22/01/2018	13:46	25,000	17.8	17.8
22/01/2018	13:40	100,000	17.7	17.7
22/01/2018	13:25	100,000	17.51	17.51
22/01/2018	13:12	75,000	17.57	17.57
22/01/2018	12:59	35,000	17.58	17.58
22/01/2018	12:17	60,000	17.595	17.595
22/01/2018	12:10	50,000	17.6	17.6
22/01/2018	10:23	50,000	17.675	17.675
22/01/2018	10:00	75,000	17.63	17.63
22/01/2018	10:06	100,000	17.675	17.675
23/01/2018	12:57	100000	17.97	17.97
23/01/2018	10:51	50000	17.9	17.9
23/01/2018	10:25	25000	17.75	17.75
FastForward  Innovations Limited [e-mail] Sue Saunders / Ian Burns
Beaumont Cornish Limited (Nomad) Tel: [phone] James Biddle / Roland Cornish
Optiva Securities Limited (Broker) Tel: [phone] Ed McDermott

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of Fast Forward Innovations Ltd. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Fast Forward Innovations assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

 

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