D4t4 Solutions Plc ("D4T4" or "Company")
Share Buyback Programme
D4t4 Solutions Plc (AIM: D4T4), the AIM-listed data solutions provider, announces that the Board has approved a share buyback programme of up to 200,000 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares")(the "Buyback Programme").
The Company has instructed finnCap to conduct the Buyback Programme on its behalf on a broker-managed basis, with trading decisions taken independently of the Company. The Buyback Programme commences today and ends no later than 3-months from today on 6 March 2022, or earlier, if the maximum number of Ordinary Shares has been reached.
The Buyback Programme is in accordance with the terms of the Company's authority to make market purchases of its own Ordinary Shares granted to it by shareholders on 26 August 2021 (the "Authority"), including that the maximum price paid per Ordinary Share is to be no more than 105 per cent. of the average middle market closing price of an Ordinary Share for the five business days preceding the date of any Buy-back. Subject to this price limit, the Company has also stipulated that Ordinary Shares may be purchased for no more than 325 pence per share.
The Company intends to hold all Ordinary Shares so purchased in treasury for the purpose of satisfying future obligations in relation to its employees' or other share schemes.
Due to the limited liquidity in the issued Ordinary Shares, a buy-back of Ordinary Shares pursuant to the Authority on any given trading day may represent a significant proportion of the daily trading volume in the Ordinary Shares on AIM and could exceed 25 per cent. of the average daily trading volume and, accordingly, the Company will not benefit from the exemption contained in Article 5(1) of Regulation (EU) No. 596/2014.
The Company will make further announcements in due course following any share purchases.
Enquiries
| D4t4 Solutions Plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer
| +44 (0) 1932 893333 moreinfo@d4t4solutions.com |
| finnCap (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley, Corporate Finance Alice Lane, ECM | +44 (0) 20 7220 0500 |
| Canaccord Genuity (Joint Broker) Simon Bridges / Andrew Potts | +44 (0) 20 7523 8000 |
| Instinctif Partners Rozi Morris / Joe Quinlan | +44 (0) 20 7457 2020 D4t4Solutions@instinctif.com |
About D4t4 Solutions plc
D4t4 Solutions plc (AIM: D4t4) was founded around a passion for helping global enterprises derive value from their data assets.
Supporting customers in financial services, retail, travel, healthcare, and telecommunications across 27 countries, D4t4 enables businesses to make smarter, informed decisions via Celebrus, the Group's flagship first party data product suite. Celebrus CDP automatically captures, contextualises, and activates user-based behavioural data in real-time across all digital channels. Through behavioural biometrics and analytics, Celebrus FDP helps companies prevent fraud before it happens. Celebrus CDM provides an enterprise platform that automates the integration and transformation of customer data from all relevant data sources, whether on-premises or cloud, to deliver customer and regulatory analytics.
The Group has offices in the UK, USA, India, and Australia with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management.
For more information, please see www.d4t4solutions.com
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