29th Apr 2008 16:53
29 April 2008
Ashtead Group plc
Close Period Share Repurchase Programme
Ashtead Group plc ("Ashtead") announces that it has entered into irrevocable, non-discretionary arrangements to enable the re-purchase of its own shares, for putting into treasury, during its close period. These arrangements commence on 30 April 2008 and run up to and include the date on which the Board meets to finalise the publication of Ashtead's quarterly reports for the quarter ending 30 April 2008 (currently expected to be 23 June 2008).
Any acquisitions will be effected within certain pre-set parameters, and in accordance with both Ashtead's general authority to repurchase shares and 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 Ashtead's shares for the 5 dealing days preceding the date of purchase. Ashtead confirms that it currently has no unpublished price sensitive information.
Further enquiries:
Ashtead Group plc 0207 726 9700
Eric Watkins
vendorRelated Shares:
Ashtead Group