Share Repurchase Programme

RNS Number : 6885E

Michael Page International PLC

06 June 2012

 



Michael Page International plc

6 June 2012

Transaction in Own Shares - Share Repurchase Programme

Michael Page International plc (the "Company") announces that it has entered into a non-discretionary arrangement (the "Arrangement") for an independent third party to purchase up to five million ordinary shares of one pence each in the share capital of the Company for delivery to UBS Trustees (Jersey) Ltd, as trustee of Michael Page EBT (the "Trust").

The Arrangement will be managed by an independent third party which will make its trading decisions in relation to such ordinary shares independently of, and uninfluenced by, the Company or the Trust. The Arrangement will commence on 6 June 2012 and will end on the earlier to occur of: (i) the termination of the Arrangement by the Company when it is not in a prohibited period; (ii) the termination of the Arrangement by the independent third party; or (iii) 28 July 2012.

Any purchases of ordinary shares will be effected by the independent third party within certain pre-agreed parameters.

Michael Page International plc

Kelvin Stagg, Company Secretary                                      01932 264141

FTI Consulting

Richard Mountain                                                             020 7269 7291

 

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