Acquisition of shares for share option schemes

RNS Number : 7011H

Polypipe Group PLC

19 August 2016

 

Polypipe Group plc

Acquisition of shares for fulfilment of SAYE and other share option schemes

The Board of Polypipe Group plc ("Polypipe" or the "Company") announces its intention to utilise part of its general authority to make on-market purchases of Polypipe ordinary shares in order to acquire a modest number of shares to satisfy awards made under the Company's SAYE scheme and other options schemes which are due to mature in 2017. The Company intends to hold these shares in treasury.

Share purchases will be effected on behalf of Polypipe by Numis and will commence from 22 August 2016 in accordance with Polypipe's general authority to purchase ordinary shares granted by its shareholders at the Polypipe 2016 Annual General Meeting and in accordance with all relevant regulatory requirements.

Contacts:

Polypipe

Martin Payne, Chief Financial Officer

[phone]

 

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