Transaction in Own Shares and Total Voting Rights

RNS Number : 7525X

Churchill China PLC

28 November 2017

 

Churchill China plc

("Churchill China" or the "Company")

Transaction in Own Shares and Total Voting Rights

Churchill China announces that on 28 November 2017 it bought 5,000 ordinary shares of 10 pence each in the Company ('Ordinary Shares') at a price of 990 pence per Ordinary Share, to be held in Treasury.

The above share buyback was carried out using the authority received at the Company's Annual General Meeting held on 18 May 2017 to purchase up to 1,095,517 of its own ordinary shares of 10 pence each ("Ordinary Shares").    

The Company may purchase Ordinary Shares subject to the following parameters:

(i)           the maximum aggregate number of Ordinary Shares authorised to be purchased under the shareholder authority is 1,095,517;

(ii)          the minimum price which may be paid for an Ordinary Share, exclusive of all expenses, is be 10 pence; and

(iii)         the maximum price which may be paid for an Ordinary Share, exclusive of all expenses, is an amount equal to 5% above the average of the middle market quotations for an Ordinary Share for the five business days immediately preceding the date on which such Ordinary Share is purchased.

Total voting rights

Following the above transaction the Company holds 67,849 Ordinary shares in Treasury and its share capital now consists of 11,030,172 Ordinary Shares. Therefore, the total number of voting rights is 10,962,323. 

The figure of 10,962,323 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Churchill China plc under the FCA's Disclosure and Transparency Rules

For further information, please contact:

Churchill China plc

                                                                                                                                                                                     Tel: [phone]

David Taylor

N+1 Singer

Tel: [phone]

Richard Lindley / James White

 

END

 

 

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