26th Jun 2006 07:01
Kerry Group PLC26 June 2006 26 June, 2006 Kerry Group plc Commencement of Buy Back Programme Kerry Group plc ("Kerry" or "the Company") advises the commencement of a buyback programme of up to 2.8 million Ordinary Shares, representing approximately1.5% of the issued ordinary share capital of the Company. Any buy backs conducted under the programme will be in accordance with theCompany's general authority to repurchase securities as approved at the recentAnnual General Meeting of the Company and in accordance with the Listing Rulesof the Irish Stock Exchange, the Listing Rules of the UK Listing Authority, theMarket Abuse Directive and any other applicable legislation and regulatoryrequirements. Consequently the maximum price payable will be limited to no morethan 105% of the average daily price at which Ordinary Shares are dealt on eachof the 5 dealing days preceding the date of purchase. The shares repurchasedwill be held as Treasury Shares, pending their reissue to meet obligationsarising from allocations of shares to employees pursuant to the Company's shareoption schemes and long term incentive plan. The buyback authority under whichthe programme is being conducted is valid until the 2007 Annual General Meeting. For further information please contact: Michael Ryan,Head of Investor Relations,Kerry Group plc,Prince's Street,Tralee,Co. Kerry,Ireland.Tel: +353 66 7182255 or Eugenee Mulhern,Davy,Davy House,49 Dawson Street,Dublin 2,Ireland.Tel: + 353 1 6796363 - ENDS - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Kerry