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Quayle Munro Hldgs (QYM)

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Tuesday 30 March, 2010

Quayle Munro Hldgs

Transaction in Own Shares

RNS Number : 3808J
Quayle Munro Holdings PLC
30 March 2010
 

30 March 2010

 

FOR RELEASE AT 7.00 AM

 

 

 

QUAYLE MUNRO HOLDINGS PLC (THE "COMPANY")

 

Share Buy Back and Cancellation

 

 

 

The Company announces that on 29 March 2010 it and the Company's Employee Benefit Trust purchased a total of 435,442 ordinary shares of 10p, representing 9.50% of the issued share capital of the Company, from Uberior Investments PLC at a price of £5 per share.

 

The Company itself purchased 301,265 ordinary shares, of which 261,265 ordinary shares, representing 5.70% of the Company's issued share capital, will be cancelled.  The remaining 40,000 ordinary shares, representing 0.87% of the Company's issued share capital, will be held as treasury shares and will be offered for sale to members of the Company's staff.  Any shares not purchased by members of staff will also be cancelled.

 

The Employee Benefit Trust purchased 134,177 ordinary shares in the Company.  It now holds 192,397 ordinary shares representing 4.20% of the Company's issued share capital.

 

The Company's issued share capital comprises 4,543,814 ordinary shares of 10p, and a further 40,000 ordinary shares of 10p held in treasury with no voting rights.

 

Following the transaction, the Company has been notified that Uberior Investments PLC no longer retains a beneficial interest in any of the ordinary shares of the Company.

 

Enquiries:

 

Quayle Munro Holdings PLC


Ian Jones, Chairman

+44 (0)131 226 4421



Andrew Tuckey, Chief Executive

+44 (0)20 7907 4200



Brewin Dolphin Ltd (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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