Close period share buy back programme

RNS Number : 0307L

Foxtons Group PLC

06 January 2016

 

FOXTONS GROUP PLC

Close period share buy back programme

Further to the announcement on 16 December 2015, the Board of Foxtons Group plc ("Foxtons") announces its intention to continue the share buy back programme during its close period which commences on 8 January 2016 and ends on 8 March 2016 with the release of the Company's preliminary results for the financial year ended 31 December 2015 ("the Close Period"). The Company has therefore entered into an irrevocable, non discretionary programme with Credit Suisse and Numis to purchase shares during the Close Period.

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than 105 per cent of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase.

The Company confirms that it currently has no unpublished price sensitive information.

For further information, please contact:

Foxtons Group plc              

Jenny Matthews, Investor Relations Manager

[phone]

Tulchan Communications LLP

Peter Hewer

[phone]

 

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