Transaction in Own Shares

RNS Number : 9693C

Cenkos Securities PLC

25 January 2018

 

25 January 2018

Cenkos Securities plc

("Cenkos" or the "Company")

Transaction in Own Shares

The Company announces that, in accordance with existing authority granted at the Company's annual general meeting in May 2017 enabling the Company to purchase its own ordinary shares of 1p each in the Company ("Ordinary Shares") should the Directors consider there to be a likely beneficial impact on the earning per Ordinary Shares and that it is in the best interests of the Company, the Company has today completed the on market purchase of 1,384,748 Ordinary Shares at an average price of 107.0 pence per Ordinary Share. 

The Ordinary Shares repurchased by the Company will be held in treasury.

Following the purchase of these Ordinary Shares, the Company will have 55,310,035 Ordinary Shares in issue (excluding treasury shares) and will hold 1,384,748 Ordinary shares held in treasury.

The figure of 55,310,035 Ordinary Shares may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company will consider making further on market repurchases of Ordinary Shares within the authority in place in the future.

Enquiries:

Anthony Hotson                                                                         [phone]

Chief Executive Officer      

Cenkos Securities plc

Dr Azhic Basirov / David Jones / Ben Jeynes                    [phone]

Nominated Adviser

Smith & Williamson Corporate Finance Limited

David Rydell                                                                                   [phone]

Buchanan Communications

 

END

 

 

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