Sarossa PLC Buy-back of shares (0025U)

TIDMSARS

RNS Number : 0025U

Sarossa PLC

24 July 2015

Sarossa plc

("Sarossa" or the "Company")

Buy-back of shares

Sarossa, the Jersey based investment company involved in the growth and development of businesses, announces that, yesterday, 23 July 2015, it completed the buy-back of a further 2,826,470 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 1.72 pence per share.

The Ordinary Shares purchased by the Company are to be cancelled so that the Company's capital will consist of 543,456,309 Ordinary Shares which is the same as the total number of voting rights in the Company, all of which are identical. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

Following the above buy-back of Ordinary Shares, the directors' percentage holdings in the Company, are now as follows:

 
Director             Number of Ordinary Shares  Percentage 
-------------------  -------------------------  ---------- 
Michael Bretherton   9,744,140                  1.79% 
-------------------  -------------------------  ---------- 
 

The above buy-back brings the aggregate purchases by the Company of its own shares to date to a total of 95,904,055 Ordinary Shares, which fully utilises the buy-back authority approved by shareholders at the Company's General Meeting on 13 May 2015.

Sarossa Plc

Mike Bretherton, Chairman 01534 719760

WH Ireland Limited (Nominated adviser)

Chris Fielding, Head of Corporate Finance 0207 220 1650

This information is provided by RNS

The company news service from the London Stock Exchange

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