14th Apr 2016 11:07
14 April 2016
Panmure Gordon & Co. plc
(the "Company")
EBT trading plan
The Company announces that Praxis Trustees Limited, which administers the Panmure Gordon & Co. plc No.2 Employee Benefit Trust ("EBT"), has entered into a new trading plan with the Company, the previous plan expires on 30 April 2016.
Under the trading plan, in the period running from 1 May 2016 to 31 October 2016 the EBT will instruct Panmure Gordon (UK) Limited as broker to acquire ordinary shares of 4p each in the Company for the EBT. Purchases will be limited to 20,000 ordinary shares in any single calendar month and the maximum price paid per ordinary share shall be no more than 110 per cent of the middle market quotation of the Company's shares on the first business day of the calendar month in which the shares are purchased. While the Company is within a close period, neither the Company nor the EBT will attempt to terminate the trading plan which has now been entered into. The EBT has absolute discretion and independence in respect of all trading decisions it may make in respect of the purchase of ordinary shares pursuant to the trading plan.
Any purchases made by the EBT will be announced to the market at the appropriate time.
Contacts
Anne-Marie Palmer,
Company Secretary 020 7886 2500
Philip Secrett/Salman Khawaja/Jen Clarke
Grant Thornton (Nominated Adviser) 020 7383 5100
View source version on businesswire.com: http://www.businesswire.com/news/home/20160414005667/en/
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