Transaction in Own Shares

RNS Number : 9476C

SMG PLC

08 September 2008

 

SMG plc

Transaction in own shares

Further to the interims announcement dated 28 August 2008, in which SMG plc ('the Company') announced its intention to implement a return of cash to shareholders by way of a tender offer and, in connection with, though separate from the tender offer, its intention to repurchase shares with a value of approximately £60,000, the Company announces that, on 8 September 2008 it purchased through RBS Hoare Govett 521,740 ordinary shares at an average price of 11.5 pence per share. 

The highest price and the lowest price paid for these shares were 11.5 pence. These shares will be cancelled.

Following the purchase and cancellation of these shares the Company has 951,151,887 shares in issue. The Company holds no ordinary shares in Treasury.

This number (951,151,887) represents the total voting rights in the Company and 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, SMG plc under the FSA's Disclosure and Transparency Rules.

Enquiries: 

SMG plc                    0141 300 3074

Jane Tames

 

END

 

 

POSFKFKNDBKDPCK