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Quayle Munro Hldgs (QYM)

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Monday 12 December, 2011

Quayle Munro Hldgs

Share Buy-back Programme

RNS Number : 7435T
Quayle Munro Holdings PLC
12 December 2011
 



Quayle Munro Holdings PLC (the "Company")

 

Share Buy-back Programme

 

The Company announces that on 9 December 2011, it purchased 2,500 ordinary shares of 10 pence each ("Ordinary Shares") for treasury at a price of 600 pence per share. The current market price of Ordinary Shares in the Company represents a discount to the published Net Asset Value per Ordinary Share and the Board has determined that shareholder value is likely to be enhanced by further market purchases of Ordinary Shares for so long as this remains the case.

 

Accordingly, the Directors confirm that, as and when appropriate, they intend to make further market purchases of Ordinary Shares on behalf of the Company in accordance with the authority granted by shareholders at the Annual General Meeting in November 2011. Any shareholder who is considering taking advantage of the share buy-back programme is invited to contact their stockbroker, bank manager, solicitor, accountant or other independent financial adviser authorised under the Financial Services and Markets Act 2000.

 

The share buy-back programme is being managed by Brewin Dolphin on behalf of the Company.

 

Enquiries:

 

Quayle Munro Holdings PLC:  

+44 (0) 131 222 2600

Andrew Walls, Company Secretary 




Brewin Dolphin (Nominated Advisor)


Sandy Fraser

+44 (0) 131 529 0272

 


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