Closed Period Share Buyback Instruction

RNS Number : 0923B

Paddy Power plc

02 January 2015

 

RNS for issue 7am 2 Jan 2015

Paddy Power plc ("Paddy Power") announces that the Group has entered into irrevocable non-discretionary arrangements with Goodbody Stockbrokers which may lead to the purchase of shares during its close period, depending on prevailing equity market conditions.  The Group's close period runs from 2 January 2015 and ends on 3 March 2015, being the date of publication of Paddy Power's preliminary results for the year ended 31 December 2014.  Any shares repurchased will be held as treasury shares.

Any purchases will be effected within certain pre-set parameters, and in accordance with Paddy Power's general authority to repurchase shares and Chapter 9 of the Listing Rules of the Irish Stock Exchange and Chapter 12 of the Listing Rules of the United Kingdom Listing Authority. Paddy Power confirms that it currently has no unpublished price sensitive information.

Ends-

2 January 2015

For further information contact:

Paddy Power plc

Jack Massey, Director of Investor Relations & Company Secretary

Tel: [phone]

Drury/Porter Novelli

Billy Murphy/Karen Ferris

Tel: [phone]

Mobile: [phone]

Finsbury

Conor McClafferty

Tel: [phone]

Mobile: [phone]

 

END

 

 

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