Transaction in own shares

RNS Number : 9382S

Wincanton PLC

15 March 2019

 

                                                                                                                                         15 March 2019

WINCANTON PLC ("Wincanton" or the "Group")

Transaction in own shares

Wincanton, the largest British third party logistics company, announces that it has purchased 600,000 shares of 10 pence each at a price of £2.46 in the Group on 13 March 2019.

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 Group's employee share incentive schemes, pursuant to the authorisation granted to the Group by shareholders at the Annual General Meeting (AGM) held on 28 June 2018.  

Following this transaction, the EBT will hold 896,024 ordinary shares of 10 pence in the Group.

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.

-Ends-

For further information please contact:

Wincanton Plc                                                                         Tel: [phone]

Adrian Colman, Chief Executive Officer

Tim Lawlor, Chief Financial Officer

Buchanan                                                                                Tel: [phone]

Richard Oldworth / Vicky Hayns / Maddie Seacombe / Tilly Abraham

Notes to Editors

Wincanton plc

Wincanton is the largest British third party logistics company (3PL), providing supply chain solutions to some of the world's most admired brands across a wide range of industries including retail, construction, defence and energy.

As a trusted and respected business partner, we design and implement services and solutions 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 £1.1 billion

·      Over 18,000 colleagues 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

 

END

 

 

POSJIMFTMBTBBPL