Coral Products PLC Transaction in Own Shares (1355Q)

TIDMCRU

RNS Number : 1355Q

Coral Products PLC

13 October 2023

13 October 2023

Coral Products Plc

("CRU" or the "Company")

Transaction in Own Shares

Coral Products PLC, a specialist in the design, manufacture and supply of injection moulded plastic products based in Wythenshawe, Manchester announces that, on 13 October 2023, it purchased 177,353 ordinary shares of 1 pence each (the "Buyback Shares") on the London Stock Exchange through Cavendish Securities PLC ("Cavendish"), in accordance with the terms of its share buyback programme announced on 29 September 2023 (the "Programme"). The Buyback Shares acquired will be held in treasury.

 
 Date of purchase:                                  13 October 2023 
 Aggregate number of ordinary shares purchased:     177,353 
 Lowest price paid per share (pence per share):     14.7 
 Highest price paid per share (pence per share):    14.7 
 Volume weighted average price paid per share 
  (pence per share):                                14.7 
 

Following the purchase of the Buyback Shares, the Company will have 90,277,589 ordinary shares of 1 pence each in issue, of which 1,108,632 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 89,168,957.

The above figure of 89,168,957 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Cavendish as part of the Programme.

 
 Schedule of Purchases: 
 Shares purchased:   Coral Products plc (ISIN: GB0002235736) 
 Date of purchase:   13 October 2023 
 
 Aggregate information: 
 
 Aggregated Volume   Volume-weighted             Venue 
                      average price 
                      (pence) 
 177,353             14.7                        London Stock Exchange 
 
 Individual transactions: 
 
 Volume              Price (pence)               Time 
 12,423              14.7                        14:00 UK 
 164,930             14.7                        15:45 UK 
 

For further information, please contact:

 
     Coral Products plc 
   Joe Grimmond, Chairman       Tel: [phone] 
                                     148 
 Nominated Adviser & Broker 
  Cavendish Securities PLC       Tel: [phone] 
  Adrian Hadden                           1966 
  Charlie Combe 
 
 Financial PR                    Tel: [phone] 
  Novella                                 7008 
  Tim Robertson 
 

This announcement has been posted to: https://coralproducts.com/

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October 13, 2023 12:21 ET (16:21 GMT)