30th Aug 2013 17:30
Close Period Share Repurchase Programme
Debenhams plc ("Debenhams") announces that it has entered into irrevocable, non-discretionary arrangements with its broker, Citigroup Global Markets Limited, to enable the repurchase of its own shares, for treasury, during its close period. These arrangements commence on 31 August 2013 and run to 23 October 2013.
Any acquisitions will be effected within certain pre-set parameters, and in accordance with Debenhams general authority to repurchase shares, Chapter 12 of the Listing Rules which requires that the maximum price paid to be limited to no more than 105 per cent of the average middle market closing price of Debenhams shares for the 5 dealing days preceding the date of purchase, and that stipulated by Article 5 (1) of the Buy-back and Stabilisation Regulation.
Further enquiries:
Paul Eardley
Company Secretary
Tel: 020 3549 6529
Related Shares:
Debenhams