Coral Products PLC Transaction in Own Shares (3771S)

TIDMCRU

RNS Number : 3771S

Coral Products PLC

15 November 2021

Coral Products plc

("Coral" or the "Company")

Transaction in Own Shares

Coral Products plc (AIM: CRU), a specialist in the design, manufacture and supply of plastic products, announces that on 12 November 2021, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 27 October 2021, the Company purchased 175,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 15 pence each (the "Transaction").

The Board believes buying back shares at the current price represents an outstanding opportunity to buy back into treasury shares which can then be issued to fulfil the anticipated exercise of existing share options or in part payment for any future acquisition.

The Ordinary Shares, which have been purchased, will be held in treasury. Following the Transaction, the Company holds 5,370,000 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 80,572,534 shares, which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

 
     Details of the trade: 
a)   Name                                                               Coral Products plc 
2    Reason for the notification 
a)   Position/status                                                    Treasury Share Account 
b)   Initial notification/ Amendment                                    Initial Notification 
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
a)   Name                                                               Coral Products plc 
b)   LEI                                                                213800M2XLY2QGBMUN82 
4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
      each type of transaction; (iii) each date; and (iv) each place where transactions have been 
      conducted 
a)   Description of the financial instrument, type of instrument        Ordinary shares of 1p 
      Identification code 
                                                                         GB0002235736 
b)   Nature of the transactions                                         Purchase of Ordinary Shares 
c) 
     Price(s) and volume(s)                                             Price(s)  Volume(s) 
                                                                         15p       175,000 
d)   Aggregated information 
  - Aggregated volume                                                    175,000 
  - Price                                                                 15p 
e)   Date of the transaction                                            12 November 2021 
f)   Place of the transaction                                           London Stock Exchange, AIM 
 

For further information please contact:

 
 Coral Products plc                   Tel: [phone] 
  Joe Grimmond, Non-Executive              8148 
  Chairman 
 Nominated Adviser & Broker 
  WH Ireland Limited                   Tel: [phone] 
  Adrian Hadden                        1666 
  Darshan Patel 
  Megan Liddell 
  Jasper Berry (Corporate Broking) 
 Capital Markets Consultants         Tel: [phone] 
  Limited                             184 
  Richard Pearson 
 

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November 15, 2021 04:43 ET (09:43 GMT)