1.025m shares bought back for treasury by Bodycote
The Board of Bodycote International PLC (the "Company") announces that on 19th
December 2007 it repurchased 1,025,000 shares to be held in treasury at an
average price of 177.82 pence per share.
The Board has decided to exercise its authority to buy back shares in the
market in accordance with the power granted to it by shareholders at the Annual
General Meeting in May 2007.
The Board considers that the recent weakness of Bodycote's share price has
provided an attractive opportunity for the Company to purchase its own shares
and expects that purchases will continue to be made by the Company on an
opportunistic basis.
Following the above purchase, the Company holds 1,025,000 shares in treasury
and the total number of ordinary shares in issue (excluding treasury shares) is
322,648,223.
James Wallace, Chairman commented: "The recent weakness in Bodycote's share
price has created an attractive opportunity to buy back shares in the market.
As stated in our trading update of 18 December 2007, we remain confident that
the Group will make further progress towards its strategic objectives in the
coming year. As stated in the analysts' conference call following the trading
statement, we will brief the market on acquisition progress during January."
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