Transaction in Own Shares
WH Smith PLC
24 February 2011
WH Smith PLC - Transactions in Own Shares
WH Smith (the "Company") announces that it has commenced a non-discretionary programme to purchase ordinary shares for cancellation during its close period which commences on 24 February 2011 and is scheduled to end on 14 April 2011.
The buy back programme will be managed by an independent third party, which makes its trading decisions independently of, and uninfluenced by, the Company.
Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than 5 per cent above the average market value for the shares as derived from the London Stock Exchange Daily Official List for the five business days immediately prior to such purchase.
The Company confirms that it currently has no unpublished price sensitive information.
END
This information is provided by RNS