15th Jun 2006 12:09
Diageo PLC15 June 2006 15 June 2006 Diageo to issue trading statement on 29 June 2006 and announces programme toenable share buy back during closed period Diageo will issue its annual trading statement on the 29 June 2006 with respectto the fiscal year ending 30 June 2006. The company also announces that it hasput in place a programme to enable the buy back of shares during the closedperiod which begins 16 June 2006. Diageo plc will issue a trading statement on the 29 June 2006 with respect tothe fiscal year ending 30 June 2006. As a result, it will enter a closed periodwhich begins on 16 June and ends with the preliminary results announcement on 31August 2006. Diageo has put in place an irrevocable, non-discretionaryprogramme to allow the company to buy back shares during the closed period. Thebuy back programme during the closed period will be managed by an independentthird party, which will make its trading decisions in relation to the company'ssecurities independently of, and uninfluenced by, the company. Share buy backs will be effected during the period between 16 June 2006 and 31August 2006 within pre-set parameters. The buy backs will be in accordance withDiageo's general authority to repurchase shares and in accordance with Chapter12 of the Listing Rules. Consequently the maximum price paid will be limited tono more than 105 per cent of the average middle market quotations of Diageoshares for the 5 dealing days preceding the date of purchase. The sharesrepurchased will be held as Treasury shares. In announcing this Diageo confirms that currently it has no unpublished pricesensitive information. -ends- Contacts: Investors Relations: Sandra Moura +44 (0) 20 7927 [email protected] Media Enquiries: Isabelle Thomas +44 (0) 20 7927 [email protected] Diageo is the world's leading premium drinks business. With its global vision,and local marketing focus, Diageo brings to consumers an outstanding collectionof beverage alcohol brands across the spirits, wine and beer categoriesincluding Smirnoff, Guinness, Johnnie Walker, Baileys, J&B, Jose Cuervo,Captain Morgan and Tanqueray, and Beaulieu Vineyard and Sterling Vineyardswines. Diageo trades in some 180 countries around the world and is listed onboth the New York Stock Exchange (DEO) and the London Stock Exchange (DGE). Formore information about Diageo, its people, brands and performance, visit us atwww.diageo.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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