31st Mar 2008 18:12
GlaxoSmithKline PLC31 March 2008 GlaxoSmithKline plc - Share Buy-Back Programme GlaxoSmithKline plc (the "Company") announces that it has today put in place anirrevocable, non-discretionary programme for the purchase of its Ordinary sharesduring the close period which precedes the 2008 first quarter resultsannouncement, expected to be made on 23 April 2008. The shares purchased onbehalf of the Company are for cancellation. The aim of the programme is to reduce the issued share capital of the Company tohelp enhance returns for shareholders. The share buy-back programme will be managed by an independent third party whichmakes its trading decisions in relation to the Company's securitiesindependently of, and uninfluenced by, the Company. Any purchases pursuant to these arrangements will be effected during the periodbetween 1 April 2008 and 23 April 2008 within certain pre-set parameters and inaccordance with both the Listing Rules and the limitations of the repurchaseauthority granted to the Directors at the last Annual General Meeting ofshareholders. The Company confirms that it currently has no inside information. SM Bicknell Company Secretary 31 March 2008 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Glaxosmithkline