Character Group PLC Transaction in Own Shares (3711T)

TIDMCCT

RNS Number : 3711T

Character Group PLC

11 October 2017

Wednesday, 11 October 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 it has today bought-back for cancellation 70,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at a price of 385 pence per Ordinary Share. The Ordinary Shares acquired for cancellation represent approximately 0.33 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 20,989,102 ("Revised Issued Voting Share Capital").

The Company has an unutilised capacity to buy back up to a further 2,822,700 Ordinary Shares under the authority granted at the Annual General Meeting on 20 January 2017.

Character Group holds 3,108,506 Ordinary Shares in treasury which do not carry voting rights and these represent approximately 14.81 per cent. of the Revised Issued Voting Share Capital.

The figure of 20,989,102 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:     11 October 2017 
--------------------  ---------------- 
 Number of Ordinary 
  Shares purchased:        70,000 
--------------------  ---------------- 
 Highest price paid 
  per share (pence)          385 
--------------------  ---------------- 
 Lowest price paid 
  per share (pence)          385 
--------------------  ---------------- 
 Average price paid 
  per share (pence)          385 
--------------------  ---------------- 
 

Schedule 2: Details of buy-back transactions:

 
 Time              Number of Ordinary      Transaction 
  (hh: mm - GMT)    Shares purchased           price 
                                         (pence per share) 
----------------  -------------------  ------------------- 
 13.54                   70,000                385 
----------------  -------------------  ------------------- 
 
 
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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October 11, 2017 12:34 ET (16:34 GMT)