Information  X 
Enter a valid email address

Framlington Fin&Inc (FFIZ)


Tuesday 16 September, 2003

Framlington Fin&Inc

Purchase of Own Securities

Framlington Global Fin&Inc Secs Ltd
16 September 2003

Framlington Global Financial & Income Securities Limited

At the Annual General Meeting of the Company held on 14 March 2003, shareholders
granted the Company authority to purchase up to 5,950,700 zero dividend
preference shares.

The Company announces that it has today repurchased 275,000 zero dividend
preference shares at a price of 60p per share.

Following cancellation of the shares repurchased, the number of zero dividend
preference shares in issue will fall to 3,804,700 all of which may be
repurchased under the current shareholders' authority. However, the authority is
subject to a £0.8million share repurchase consideration limit imposed by Bank of
Scotland, the Company's bankers, of which only £46,355 now remains.

16 September 2003

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                               

a d v e r t i s e m e n t