Source - RNS
RNS Number : 5025K
Character Group PLC
22 September 2016
 

22 September 2016

 

The Character Group plc

Designers, developers and international distributor of toys, games and giftware

 

("Character Group" or the "Company")

 

Transaction in Own Shares

 

 

In continuing its stated objective to enhance shareholder value, Character Group (AIM:CCT.L) announces that, on 21 September 2016, it bought-back for cancellation 292,402 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at an average price of 447.487 pence per Ordinary Share.  The Ordinary Shares acquired for cancellation represent approximately 1.36 per cent. of the current issued share capital of the Company (excluding shares held in treasury).

 

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue as at the date of this notice (taking into account the Ordinary Shares purchased for cancellation by the Company announced above and excluding Ordinary Shares held in treasury) is 21,139,152 ("Revised Issued Voting Share Capital").

 

The Company has an unutilised capacity to buy back up to a further 2,791,298 Ordinary Shares under the authority granted at the Annual General Meeting on 22 January 2016.

 

Character Group holds 3,269,456 Ordinary Shares in treasury which do not carry voting rights and these represent approximately 15.47 per cent. of the Revised Issued Voting Share Capital.

 

The figure of 21,139,152 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or change to their interest, in the Company under the Disclosure and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains a summary of and detailed information about the purchases made by Panmure Gordon (UK) Limited on behalf of the Group as part of the buy-back programme.

 

 

Schedule 1: Summary of buy-back transactions

 

Date of purchase :

 

21 September 2016

Number of Ordinary Shares purchased:

 

292,402

Highest price paid per share (pence)

 

448

Lowest price paid per share (pence)

 

447

Average price paid per share (pence)

 

447.487

 

 

Schedule 2: Details of buy-back transactions

 

Time (hh:mm - GMT)

 

Number of Ordinary Shares purchased

Transaction price (pence per share)

15:07

 

150,000

447

16:57

 

142,402

448

 

 

 

Enquiries:

The Character Group plc

Mark Dowding, Group Finance Director and Company Secretary

Office: +44 (0) 20 8329 3377

Email: i[email protected]

www.thecharacter.com


Panmure Gordon (Nominated Adviser and Joint Broker)

Andrew Godber, Investment Banking

Tom Salvesen, Corporate Broking

Tel: +44 (0) 20 7886 2500


Allenby Capital Limited (Joint Broker]

Nick Athanas

Katrina Perez

Tel: +44 (0) 20 3328 5656


TooleyStreet Communications Limited (investor and media relations)

Fiona Tooley

Tel:  +44 (0) 7785 703523

Email: [email protected]

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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