AdEPT Telecom plc Transaction in Own Shares (7582Y)

TIDMADT

RNS Number : 7582Y

AdEPT Telecom plc

07 March 2017

AdEPT Telecom plc

("AdEPT" or the "Company")

Transaction in own shares

The Company announces that on 7 March 2017 it purchased 3,656 Shares on the London Stock Exchange for cancellation at a price of 315p per Share (the "Purchase") pursuant to the general authority given to it at the Company's 2016 Annual General Meeting held on 28 September 2016 ("the 2016 BuyBack Authority").

Further details regarding the 2016 BuyBack Authority are set out at the end of this announcement.

Total voting rights

Following the Purchase and cancellation, the Company's issued share capital is 22,501,024 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 22,501,024. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For more information please contact:

 
 
  AdEPT Telecom Plc 
   Roger Wilson, Chairman               07786 111 535 
   Ian Fishwick, Chief Executive         01892 550 225 
   John Swaite, Finance Director         01892 550 243 
 Northland Capital Partners Limited 
  Nominated Adviser 
  Edward Hutton/Gerry Beaney 
 
  Broking 
  John Howes                             020 3861 6625 
 

The 2016 BuyBack Authority

The 2016 BuyBack Authority authorised the Company to make market purchases (during the period expiring at the conclusion of the 2017 Annual General Meeting, but not later than 27 January 2018) up to a maximum of 3,372,615 Shares at a price not exceeding the higher of (i) an amount equal to 5 per cent. above the average market value of the Shares for the five business days immediately preceding the date on which the Share is contracted to be purchased; and (ii) the higher of the price of the last independent trade and the current highest independent bid on the trading venue where the purchase is carried out.

A total of 15,227 Shares have now been purchased for cancellation pursuant to the 2016 BuyBack Authority.

About AdEPT Telecom plc:

AdEPT Telecom plc is one of the UK's leading independent providers of unified communications solutions. The Company provides a complete communications portfolio of fixed line calls, line rental, mobile, IP telephony, equipment installation, managed services, IT services, Wi-Fi, IT and communications hardware and data connectivity products. AdEPT's tailored services are used by thousands of customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media, Avaya, Microsoft, Dell and Apple.

AdEPT is listed on the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept-telecom.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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March 07, 2017 06:47 ET (11:47 GMT)