Purchase of Own Shares

RNS Number : 7146D

Dunelm Group plc

11 July 2016

 

11 July 2016

DUNELM GROUP plc

Compliance with Market Abuse Regulation - Purchase of own shares

Dunelm Group plc (the "Company") announces that it has recommenced its programme to purchase ordinary shares of one pence each in the capital of the Company during the period running from the date of this announcement until the expiry of the authority obtained at its last AGM on 24 November 2015. This authority expires at the latest on 31 December 2016, or, if earlier, the date of its next Annual General Meeting (currently scheduled to take place on 22 November 2016). No purchases will be made during Company closed periods.

The purchased shares will be held in treasury and will be utilised to meet obligations arising from share options granted to employees of the Company (or an associate company). 

The Company intends to purchase up to 500,000 ordinary shares. Daily volume restrictions will apply in accordance with the Article 3(3) (b) of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 ("Commission Delegated Regulation").

The maximum price per share which the Company is able to pay under the authority referred to above is the higher of (i) 105 per cent. of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately before the day on which the purchase is made; and (ii) the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out (being the price stipulated by Article 5(1) of the Buy-Back and Stabilisation Regulation 2003 and Article 3(2) of the Commission Delegated Regulation).

Name of authorised Company official responsible for making this notification:                     

Dawn Durrant, Company Secretary

0116 264439

 

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