Treasury Stock

24 July 2013

 

St Ives plc - Share Buy-back

 

St Ives plc ("St Ives") or (the "Company") announces that it will commence a
share buy-back in line with the decision announced on 12 March 2013. It is
intended to buy up to £3,240,000-worth of the Company's existing issued shares
to hold in treasury ("The Share Buy-back").

 

Any acquisitions pursuant to The Share Buy-back will be effected within certain
pre-set parameters. The main parameter is that the maximum price paid is to be
limited to no more than the higher of (i) an amount equal to 105 per cent. of
the average middle quotations for an ordinary share in the Company as derived
from The London Stock Exchange Daily Official List for the 5 business days
immediately preceding the date on which such share is contracted to be
purchased and (ii) the amount stipulated by Article 5 (1) of the EU Buy-Back
and Stabilisation Regulation (being the higher of the price of the last
independent bid for an ordinary share in the Company on the trading venues
where the market purchases by the Company pursuant to the authority conferred
by the shareholders will be carried on.

 Any shares purchased under The Share Buy-back will count towards the Company's
general buy-back authority of10% of the Company's issued share capital, as
approved at the Company's Annual General Meeting on 27 November 2012.

Enquiries:

St Ives plc 0207 928 8844

Patrick Martell, Chief Executive

Matt Armitage, Chief Financial Officer