Transaction in own shares

RNS Number : 0553L

Wincanton PLC

14 July 2017

 

14 July 2017

Wincanton PLC
('Wincanton' or the 'Company')

Transaction in own shares

Wincanton plc, a leading provider of supply chain solutions in the UK and Ireland, announces that it has purchased 500,000 shares of 10 pence each at a price of £2.49 and 35,000 shares of 10 pence each at a price of £2.48 in the Company on 13 July 2017.

All of these shares have been gifted to the Wincanton plc Employee Benefit Trust ("EBT") for the purpose of satisfying future exercises of share option awards under the Company's employee share incentive schemes, pursuant to the authorisation granted to the Company by shareholders at the Annual General Meeting (AGM) held on 29 June 2017 and a subsequent announcement made on 13 July 2017.

Following this transaction, the EBT will hold 785,086 ordinary shares of 10 pence in the Company.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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For further information please contact:

Wincanton plc                                                                                                  Tel: [phone]

Adrian Colman, Chief Executive Officer

Tim Lawlor, Chief Financial Officer

Buchanan                                                                                                            Tel: [phone]

Richard Oldworth / Victoria Hayns / Maddie Seacombe

Notes to Editors

Wincanton plc

Wincanton is the largest British logistics firm, providing supply chain consultancy and solutions to some of the world's most admired brands. We employ approximately 18,000 people across more than 200 sites and have a 3,400-strong fleet of vehicles.

Our business started in 1925 delivering milk and dairy products. Although our heritage means a lot to us, we have since expanded to provide supply chain solutions across a wide range of sectors including retail, construction, defence and energy.

As a trusted and respected business partner, we design and implement services that range from setting up and operating distribution networks through to bonded warehouses, technology hosting, container transport and storage. We strive for operational excellence in everything we do.

We work hard to understand and respond to our customers' needs, build long term relationships and use our skills and expertise to deliver a smarter, added value service, every day. Our customers rely on us to make their businesses operate more efficiently and to gain a competitive advantage in their sector.

Improved stock visibility and availability, reduction of lead times, collaborative warehousing and transport models, and an absolute commitment to continuous improvement, are just some of the reasons why many of our customer relationships extend to more than 20 years.

Key facts:

·     Annual revenue in the UK & Ireland exceeds £1 billion

·     Circa 18,000 employees including 4,000+ drivers 

·     Operates from 200+ locations with 6.6 million square feet of warehousing across the UK and Ireland

·     Operating responsibility for around 3,400 vehicles

 

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