Transaction in Own Shares

RNS Number : 6368J

Vallares PLC

01 July 2011

 



1 July 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

Vallares plc

Transaction in own shares

Vallares plc (the "Company") announces that on 28th June 2011 it purchased for cancellation 2,457,480 ordinary shares of £0.10 each in the Company at a price of £10 per ordinary share (the "Repurchase Shares") from Credit Suisse Securities (Europe) Limited (acting as stabilising manager) pursuant to the terms of the repurchase option described in the Company's prospectus dated 17 June 2011.  

The Repurchase Shares are to be cancelled by the Company forthwith. Following the repurchase and cancellation of the Repurchase Shares, the Company's issued ordinary share capital consists of 130,632,522 ordinary shares, each of which has one voting right.  The Company does not hold any ordinary shares in treasury.

The above figure may be used by shareholders for the purposes of determining if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

For further information please contact:

Credit Suisse                      

[phone]

George Maddison                

Angus Kerr

Finsbury                                                                              

[phone]

Edward Simpkins

Jenny Davey

These materials are not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction including in or into the United States, Canada, Australia, or Japan or to or for the account or benefit of U.S. persons.

The ordinary shares referred to in these materials have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to a US person absent registration under the Securities Act or an applicable exemption from registration thereunder.  No public offering of securities is being made in the United States.

 

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