RNS Number : 4980G
SVG Capital PLC
29 June 2012
29 June 2012
SVG Capital plc ("SVG" or the "Company")
SHARE REPURCHASE PROGRAMME
The Company announces that it has entered into an irrevocable and non-discretionary arrangement with its broker, Espirito Santo Investment Bank (incorporating Execution Noble Limited) ("BESI"), to repurchase on its behalf and within certain pre-set parameters ordinary shares, to be held in treasury, during the Company's close period commencing on 1 July 2012 and ending on the day prior to the publication of the Company's interim results for the six months ended 30 June 2012. Any shares purchased will be held in treasury.
These arrangements are in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.
The timing and quantum of any purchases will be determined, inter alia, with regard to prevailing market conditions and, in light of liquidity conditions and in line with the Market Abuse Directive, both the Company and BESI may from time to time purchase in excess of 25 per cent, but not in excess of 50 per cent, of the average daily volume.
This information is provided by RNS
The company news service from the London Stock Exchange