Minds + Machines Group Limited Transaction in Own Shares (2038P)

TIDMMMX

RNS Number : 2038P

Minds + Machines Group Limited

08 October 2019

Minds + Machines Group Limited

("MMX" or the "Company")

Transaction in Own Shares

Minds + Machines Group Limited (AIM: MMX), the top-level domain registry company, announces that it has made the following purchase of ordinary shares of no par value ("Ordinary Shares") pursuant to the share buyback programme (the "Programme") announced on 26 July 2019:

 
 Date of purchase:                        8 Oct 2019 
 Number of Ordinary Shares purchased:        159,146 
 Highest price paid per Ordinary 
  Share:                                      6.013p 
 Lowest price paid per Ordinary Share:        6.075p 
 Volume weighted average price per 
  Ordinary Share:                             6.022p 
 

Following the repurchase of Ordinary Shares set out above, the Company's issued share capital consists of 924,857,562 Ordinary Shares, 2,791,579 of which are held in Treasury. For reporting under the FCA's Disclosure Guidance and Transparency Rules, shareholders should exclude any shares held in Treasury and should use the figure of 922,065,983 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own Ordinary Shares by the Company, which were all executed through the Company's broker, finnCap Ltd, are set out below:

 
 Schedule of Purchases: 
 Shares purchased:   Minds + Machines Group Limited (ISIN: VGG614091012) 
 Date of purchase:                                        8 October 2019 
 
 
 Aggregate Information: 
 Aggregated volume                159,146 
 Volume weighted average price     6.022p 
 Venue                               XLON 
 
 
 Individual Transactions: 
                                                 -------------------------- 
 Date of purchase   Time of purchase   Number of Ordinary   Price paid per 
                                        Shares purchased:    Ordinary Share 
                                                                  (p) 
                                                            --------------- 
    08/10/2019          11:29:39             24,319              6.075 
                    ----------------  --------------------  --------------- 
    08/10/2019          12:50:18             84,864             6.0125 
                    ----------------  --------------------  --------------- 
    08/10/2019          13:27:09             49,963             6.0125 
                    ----------------  --------------------  --------------- 
 
 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

*- ends - *

For further information

 
   Minds + Machines Group Limited 
    Toby Hall, CEO                            Tel: [phone] 
                                               341072 
    Michael Salazar, CFO                      Tel: [phone] 
                                               7499 
 
    finnCap Ltd                               Tel:+ 44 (0) 20 
                                               7220 0500 
    Corporate finance - Stuart Andrews/Carl 
     Holmes/Simon Hicks 
     ECM - Tim Redfern/Richard Chambers 
 
    Belvedere Communications Limited          Tel: +44 (0) 74 
                                               070 23147 
    John West 
     Llew Angus 
 

About MMX

Minds + Machines Group Limited (LSE: MMX) is the owner of a world class portfolio of 32 ICANN approved top-level domains (gTLDs). The Company generates revenues through the registration and annual renewal of names by organisations and individuals within each of its top-level domains, sales being processed through the Group's network of global registrar and distribution partners.

The MMX portfolio is currently focused around generic names (e.g. .work, .vip), consumer interest (e.g. .fashion, .wedding), lifestyle (e.g. .fit, .surf, .yoga), professional occupations (e.g. .law), and geographic domains (e.g. .london, .boston, .miami, .bayern). In 2018, the Company completed its first acquisition, the ICM portfolio, and recently launched its first innovation based project, .luxe, which combines the strengths of the World Wide Web's naming system with that of blockchain. For more information on MMX and its rapidly growing renewal base, please visit www.mmx.co.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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 [e-mail] or visit www.rns.com.

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October 08, 2019 12:52 ET (16:52 GMT)