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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Great Portland Estates Plc | LSE:GPOR | London | Ordinary Share | GB00BF5H9P87 | ORD 15 5/19P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 735.50 | 739.50 | 740.50 | 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
TIDMGPOR
RNS Number : 4042H
Great Portland Estates PLC
15 November 2018
15 November 2018
GREAT PORTLAND ESTATES PLC
(the Company)
Share Buyback Programme
On 15 November 2018, the Company announced its intention to repurchase up to GBP200.0 million of shares. The Company announces today that it has entered into an arrangement with Merrill Lynch International and J.P. Morgan Securities plc to repurchase ordinary shares in the Company up to a maximum aggregate consideration of GBP200.0 million (the Buyback Programme).
The Buyback Programme will be subject to certain pre-set parameters and will be executed during a 12-month period from 15 November 2018 up to and including 14 November 2019, unless terminated by either the Company, Merrill Lynch International and/or J.P. Morgan Securities plc in accordance with the respective arrangements (the Engagement Period), including during any closed period of the Company which may fall during the Engagement Period. The purpose of the Buyback Programme is to reduce the share capital of the Company (any shares repurchased for this purpose will be cancelled).
The maximum aggregate number of shares that will be repurchased is 42,221,384 ordinary shares. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.
Contacts:
Great Portland Estates plc Nick Sanderson Finance Director 020 7647 3034
This announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of the Company is Desna Martin, Company Secretary.
LEI number of Great Portland Estates PLC:
213800JMEDD2Q4N1MC42
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
POSFFLFALFASEIF
(END) Dow Jones Newswires
November 15, 2018 02:01 ET (07:01 GMT)
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