Employee Benefit Trust

RNS Number : 4749J

Cenkos Securities PLC

16 July 2013

 



16 July 2013

Cenkos Securities plc  ("Cenkos" or "the Company")

Purchase of shares in Close Period

The Company announces that it has provided a recommendation (the "Recommendation") to Barclays Wealth Trustees (Guernsey) Limited (the "Trustee"), the independent trustee of the Cenkos Securities plc Employee Benefit Trust ("EBT"), for the EBT to continue to purchase Cenkos shares in the market during Cenkos' forthcoming close period in relation to the publication of its interim results for the half year ending 30 June 2013.

The arrangement commences on 17 July 2013 and expires at the end of the close period in relation to the publication of the Company's interim results for the half year ended 30 June 2013.

The Recommendation is irrevocable and non-discretionary. The specific purpose of the Recommendation is to allow the EBT to continue to purchase sufficient Cenkos shares, subject to a pre-agreed maximum price and availability in the market as it does outside of the close period.  The shares held in the EBT are intended to be used to satisfy share awards made under the Company's share option schemes.

The Recommendation was approved by the Board of the Company on 16 July 2013.  Cenkos confirms that it currently has no unpublished price sensitive information.

As at 16 July 2013, the EBT is interested in 3,107,227 (4.89%) ordinary shares of 1p each in the issued share capital of Cenkos.

The total number of Cenkos ordinary shares of 1p each in issue is 63,482,122 with each ordinary share carrying the right to one vote. There are no shares held in treasury. 

Enquiries:

Jim Durkin                                                        020 7397 8900

Chief Executive Officer

Cenkos Securities plc

Nick Donald                                                     020 7991 1504

HSBC (Nomad)                                                                 

 

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