Character Group PLC Transaction in Own Shares (0071O)

TIDMCCT

RNS Number : 0071O

Character Group PLC

15 August 2017

15 August 2017

The Character Group plc

Designers, developers and international distributor of toys, games and giftware

("Character Group" or the "Company")

Transaction in Own Shares

In continuing its stated objective to enhance shareholder value, Character Group (AIM:CCT.L) announces that, on 14 August 2017, it bought-back for cancellation 197,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at a price of 470 pence per Ordinary Share. The Ordinary Shares acquired for cancellation represent approximately 0.93 per cent. of the current issued share capital of the Company (excluding shares held in treasury).

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue as at the date of this notice (taking into account the Ordinary Shares purchased for cancellation by the Company announced above and excluding Ordinary Shares held in treasury) is 20,946,352 ("Revised Issued Voting Share Capital").

The Company has an unutilised capacity to buy back up to a further 2,942,700 Ordinary Shares under the authority granted at the Annual General Meeting on 20 January 2017.

Character Group holds 3,269,456 Ordinary Shares in treasury which do not carry voting rights and these represent approximately 15.61 per cent. of the Revised Issued Voting Share Capital.

The figure of 20,946,352 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or change to their interest, in the Company under the Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains a summary of and detailed information about the purchases made by Panmure Gordon (UK) Limited on behalf of the Group as part of the buy-back programme.

Schedule 1: Summary of buy-back transactions

 
 Date of purchase :           14 August 2017 
---------------------------  --------------- 
 Number of Ordinary Shares 
  purchased:                  197,000 
---------------------------  --------------- 
 Highest price paid per 
  share (pence)               470 
---------------------------  --------------- 
 Lowest price paid per 
  share (pence)               470 
---------------------------  --------------- 
 Average price paid per 
  share (pence)               470 
---------------------------  --------------- 
 

Schedule 2: Details of buy-back transactions

 
 Time (hh:mm   Number of           Transaction 
  - GMT)        Ordinary            price (pence 
                Shares purchased    per share) 
------------  ------------------  -------------- 
 15:40         197,000             470 
------------  ------------------  -------------- 
 
 
Enquiries: 
The Character Group plc 
 Kiran Shah, Joint MD 
 Office: [phone] 
 Email: [e-mail] 
 www.thecharacter.com 
 
Panmure Gordon (Nominated Adviser and Joint Broker) 
 Andrew Godber, Investment Banking 
 Tom Salvesen, Corporate Broking 
 Tel: [phone] 
 
Allenby Capital Limited (Joint Broker) 
 Nick Athanas 
 Katrina Perez 
 Tel: [phone] 
 
TooleyStreet Communications Limited (investor 
 and media relations) 
 Fiona Tooley 
 Tel: [phone] 
 Email: [e-mail] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 15, 2017 02:58 ET (06:58 GMT)