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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Stobart Group Ld | LSE:STOB | London | Ordinary Share | GB00B03HDJ73 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 34.50 | 34.55 | 34.95 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSTOB
RNS Number : 9668E
Stobart Group Limited
12 May 2017
12 May 2017
Stobart Group Limited
("Stobart Group", "Stobart" or the "Group")
Intention to purchase own shares
The Company announces that it has commenced a programme to purchase ordinary shares of 10 pence each in the capital of the Company during the period running from the date of this announcement until the expiry of the authority obtained at its last Annual General Meeting on 30 June 2016. This authority shall expire at the conclusion of the next AGM of the Company (currently scheduled to take place on 29 June 2017) or on 31 August 2017 (if earlier). No purchases will be made during Company closed periods.
The purchased shares will be held in treasury and will be utilised to meet obligations arising from share awards granted to employees of the Company (or an associate company).
The Company intends to purchase up to 3,000,000 ordinary shares. Notwithstanding the average daily volume restrictions set out in Article 3(3) (b) of the Commission Delegated Regulation (EU) 2016/1052, the Company may make purchases in excess of these volume restrictions, subject to prevailing market conditions and liquidity.
The maximum price per share (exclusive of expenses) which may be paid by the Company under the existing authority shall be not more than the higher of (i) 5 per cent above the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately before the day on which the purchase is made; and (ii) the higher of the price of the last independent trade, and the highest independent bid at the time of the purchase for the ordinary shares (being the price stipulated by Article 5(1) of Regulation (EU) No 596/2014 and Article 3(2) of the Commission Delegated Regulation (EU) 2016/1052).
Enquiries:
Stobart Group c/o Redleaf Communications Andrew Tinkler Redleaf Communications +44 20 7382 4730 Charlie Geller Stobart@redleafpr.com Elise Palmer Sam Modlin Influence Associates +44 20 7287 9610 Stuart Dyble James Andrew
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEASSAFALXEEF
(END) Dow Jones Newswires
May 12, 2017 02:00 ET (06:00 GMT)
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