Transaction in Own Shares - c

RNS Number : 9964V

Tandem Group PLC

04 June 2008

 



Tandem Group plc

(the 'Company')

Transaction in own shares - correction

On 22 February 2008 the Company announced that it had purchased 1,600,000 ordinary shares of 4p each in the Company at a price of 15 pence per share and transferred them into treasury.  The purchase took place at a time when the Company did not have sufficient distributable profits and as a result the transaction is void.  The transaction is being corrected and the Company plans to seek cancellation of the share premium account to enable future share buy backs and will update shareholders in due course.

For further information contact:

KBC Peel Hunt Ltd                                                020 7418 8900

David Anderson

Deon Veltdman

Tandem Group plc                                              01733 211399

Jim Shears, Company Secretary

 

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