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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Global Market | LSE:GMC | London | Ordinary Share | KYG3927E1145 | ORD USD0.0002 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 50.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMGMC
RNS Number : 4507Y
Global Market Group Ltd
24 January 2014
24 January 2014
Global Market Group Limited
("Global Market", the "Company" or "GMC")
Intention of Share Buy Back
Global Market (AIM: GMC), a leading business-to-business e-commerce service provider dedicated to connecting manufacturers in China with buyers from all over the world, announces its intention to commence a share buy-back (the "Share Buyback"). The size of the proposed Share Buyback is up to GBP1.5 million (approximately US$2.5 million). The Share Buyback will be funded from the Company's existing cash resources and made through market purchases of ordinary shares. The repurchased ordinary shares are to be held in treasury, and following the buy back the number of voting rights will be adjusted.
The Share Buyback will be carried out pursuant to the share buyback authority granted to Global Market at its Extraordinary General Meeting on 30 July 2012 authorising the Company to make market purchases of its own ordinary shares.
Due to the general illiquidity in trading of its ordinary shares, the Company may, in purchasing ordinary shares pursuant to the Share Buyback, make purchases in excess of the limit of 25 per cent. of average daily volume in the 20 trading days preceding the date of the purchase which is set out in the Code of Market Conduct and, in such circumstances, the Company would be deviating from the safe harbour set out in MAR 1 Annex 1 to the Financial Conduct Authority Code of Market Conduct. The Company will make further announcements in due course following the completion of any purchase of ordinary shares pursuant to the Share Buyback.
For further information, please visit www.globalmarket.com or contact:
David Ling/ Cheandy Hu/ Mophy Fan
Global Market Group Limited: +86 (20) 8600 2299
Philip Secrett/ Maureen Tai/ Jen Clarke
Grant Thornton UK LLP, Nominated Adviser: +44 (0)20 7383 5100
Richard Baty/ Paul Gillam
Westhouse Securities Limited, Broker: +44 (0)20 7601 6100
Allan Piper/ Jiang Lei
First City Public Relations: +852 2854 2666
Simon Hudson/Kelsey Traynor
Tavistock Communications: +44 (0) 20 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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