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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ocean Outdoor Limited | LSE:OOUT | London | Ordinary Share | VGG6702A1084 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.20 | 10.10 | 10.30 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOOUT
RNS Number : 5134T
Ocean Outdoor Limited
21 March 2019
Ocean Outdoor Limited
Purchases of shares during open periods
Ocean Outdoor Limited (the "Company") announces that it has entered into an arrangement with Barclays Bank PLC, acting through its investment bank ("Barclays") to commence a discretionary share buyback programme to purchase up to an aggregate amount of $25,000,000 of the Company's ordinary shares of no par value. The arrangement allows Barclays to purchase up to 5,000,000 ordinary shares in the Company during open periods of the Company arising between the date hereof and 30 September 2019.
Any share purchases effected pursuant to the arrangement will be subject to the terms of the arrangement with Barclays and in any case will be effected in a manner consistent with both the general authority vested in the Company to repurchase ordinary shares and the price limits of Regulation (EU) No 596/2014 of 16 April 2014 (as amended) in relation to market abuse which requires that the maximum price paid be limited to not higher than the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out. The aggregate purchase price under this arrangement will not exceed $25,000,000.
The sole purpose of these share purchases is to reduce the Company's share capital. Any ordinary shares purchased by the Company will be held in treasury.
Further information can be found on the Company's website: www.oceanoutdoor.com
Ocean Outdoor 020 7292 6161 Tim Bleakley, CEO Stephen Joseph, CFO Yellow Jersey PR 07747 788 221 Charles Goodwin, Georgia Colkin, Joe Burgess
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.
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(END) Dow Jones Newswires
March 21, 2019 03:01 ET (07:01 GMT)
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