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WOR World Careers

235.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
World Careers LSE:WOR London Ordinary Share GB0002677085 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 235.00 210.00 260.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

World Careers Network PLC Proposed Market Purchase of Shares (8910W)

14/02/2017 5:49pm

UK Regulatory


World Careers Network (LSE:WOR)
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TIDMWOR

RNS Number : 8910W

World Careers Network PLC

14 February 2017

14 February 2017

World Careers Network plc

("WCN" or the "Company")

Proposed Market purchase of shares

The Company announces that pursuant to the approval it received at the Annual General Meeting on 19 December 2016 it has authority to make market purchases of its ordinary shares, including in situations if ordinary shares become available from a director. The maximum amount of money allocated to the current proposed share buyback is GBP50,000.

The Company may purchase Ordinary Shares provided that:

1) the maximum price payable for an ordinary share on the Exchange is an amount equal to the higher of 105 per cent. of the average market value of the Company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased.

Given the limited liquidity in the ordinary shares, the Company may not be able to benefit from the exemption laid down in Article 5(1) of Regulation (EU) No 596/2014, whereby the Company would not purchase shares at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out.

2) the aggregate number of ordinary shares which may be acquired on behalf of the Company in connection with the buyback shall not exceed 1,134,000 ordinary shares.

Due to the limited liquidity in the ordinary shares, a buy-back of ordinary shares on any trading day is likely to represent a significant proportion, or possibly all, of the daily trading volume in the ordinary shares on the London Stock Exchange (and is likely to exceed the 25% limit of the average daily trading volume as laid down in Article 5(1) of Regulation (EU) No 596/2014 and as such the Company will not benefit from this exemption).

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

 
 Enquiries 
 
  World Careers Network Plc 
    Charles Hipps, Managing Director, 
    Telephone: +44 (0)20 8946 
    9876 
 
  Panmure Gordon (UK) Limited 
   Nominated Adviser 
   Andrew Potts 
   Telephone: +44 (0)20 7886 
    2500 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFSDFAISLID

(END) Dow Jones Newswires

February 14, 2017 12:49 ET (17:49 GMT)

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