Transaction in Own Shares and Total Voting Rights

RNS Number : 2541Y
dotDigital Group plc
28 November 2014
 

28 November 2014

 

dotdigital Group Plc

("dotdigital" or the "Company")

 

FIRST TRANSACTION IN OWN SHARES AS PART OF THE

SHARE BUYBACK SCHEME

AND

TOTAL VOTING RIGHTS

 

dotdigital Group Plc (AIM:DOTD), the leading provider of intuitive Software as a Service ("SaaS") and managed services to digital marketing professionals announces that, following the announcement on 11 November 2014, announcing the Company's intention to commence a share buyback scheme of up to 3.0m Shares (the "Share Buyback"), the Company has completed the first of tranche of its Share Buyback scheme.

On 27 November 2014, the Company purchased 105,000 of its ordinary shares of 0.5 pence each ("Shares") at a price of 28.5 pence per Share. The purchased Shares will be held in treasury. This purchase represents 0.04 per cent of the current issued share capital of the Company. It is intended that the Shares that have been purchased through the Share Buyback scheme and held in treasury will be used to satisfy the Company's employee share option schemes

Due to the general illiquidity in trading of its ordinary shares, the Company may, in purchasing ordinary shares pursuant to the Share Buyback, make purchases in excess of the limit of 25 per cent of average daily volume in the 20 trading days preceding the date of the purchase which is set out in the Code of Market Conduct and, in such circumstances, the Company would be deviating from the safe harbour set out in MAR 1 Annex 1 to the Financial Conduct Authority Code of Market Conduct.

 

Following the above transaction, the Company holds 105,000 Shares in treasury, and has 284,197,065 Shares in issue (excluding the Shares held in treasury). This figure of 284,197,065 represents the total voting rights in the Company and 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 the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

For further enquiries please contact:

dotdigital Group Plc

Peter Simmonds, Chief Executive

Milan Patel, Chief Financial Officer

www.dotdigitalgroup.com

 

 

Tel: 020 3770 1501

Tel: 020 3770 1502

Financial PR and Investor Relations

Lisa Baderoon

lisa.baderoon@dotdigitalgroup.co.uk

 

Tel: 07721 413 496

N+1 Singer, NOMAD & Broker

Shaun Dobson, Head of Corporate Finance

Alex Wright, Corporate Finance

 

Tel: 020 7496 3000

finnCap, Joint Broker

Stuart Andrews, Corporate Finance

 

Tel: 020 7220 0500

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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