Crossrider plc Transaction in Own Shares (2116L)

TIDMCROS

RNS Number : 2116L

Crossrider plc

08 January 2016

Crossrider plc

("Crossrider," the "Company" or the "Group")

Transaction in own shares and completion of buy-back programme

Crossrider (AIM: CROS), the creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data, announces that, on 7 January 2016, it purchased 1,250,000 of its ordinary shares of USD 0.0001 each in the Company ("Ordinary Shares") at a price per share of 54p. Crossrider purchased these shares through Shore Capital Stockbrokers Limited.

The number of shares purchased represented 0.88% of the voting rights attributable to the total ordinary shares in issue prior to such purchase. The purchased shares will be held in treasury.

Completion of buy-back programme

As previously announced the share buy-back programme was due to end on 8 January 2016 and accordingly, has now ended. The Company has acquired a total of 7,451,423 of its own shares for a cost (excluding dealing and associated costs) of GBP4,051,511.21, equivalent to US$6 million at the current prevailing exchange rate.

The 7,451,423 shares acquired are equivalent to 5.0% of the Company's issued share capital on 19 November 2015, when the share buy-back programme commenced.

The total number of Ordinary Shares in issue (excluding treasury shares) following this announcement is 141,044,650. Crossrider holds 7,451,423 shares in treasury.

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For more information contact

 
 Crossrider plc 
  Koby Menachemi, Chief Executive 
  Officer 
  Mark Carlisle, Chief Financial 
  Officer 
  c/o Bell Pottinger                 [phone] 
 Shore Capital 
  Bidhi Bhoma 
  Toby Gibbs                         [phone] 
 Bell Pottinger 
  David Rydell 
  James Newman 
  Sam Cartwright                     [phone] 
 

About Crossrider

Crossrider is a creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data. The Company's web and mobile platforms power ad networks, agencies and direct publishers and enable the delivery of relevant digital advertising through the analysis of big data: making online marketing significantly more efficient and cost effective.

The Group operates web and mobile platforms which generate big data, enabling the development of a proprietary ad serving algorithm and engine that can extract value from this data to deliver relevant advertising to targeted users.

Crossrider's vision is to become the de facto standard platform for delivering relevant web and mobile adverts to billions of people, powering the next generation of digital advertising.

www.crossrider.com

This information is provided by RNS

The company news service from the London Stock Exchange

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January 08, 2016 02:00 ET (07:00 GMT)