16th Apr 2007 08:30
Bunzl PLC16 April 2007 16 April 2007 BUNZL ANNOUNCES ON-MARKET SHARE BUY BACK Bunzl plc, the international distribution and outsourcing Group, today announcesthat it intends to resume its on-market share buy back programme. Subject tomarket conditions and based on current expectations, it is anticipated that theCompany will spend up to £100 million in 2007. This is consistent with the Board's strategic priority of growing bothorganically and by acquisition and its objective of operating with anappropriate balance sheet structure. While the acquisition pipeline is good, theBoard believes that the Group's high and consistent level of cash generationallows the Company to operate with a somewhat more leveraged capital structure. Enquiries: Bunzl plc FinsburyMichael Roney, Chief Executive Roland RuddBrian May, Finance Director Mark HarrisTel: 020 7495 4950 Gordon Simpson Tel: 020 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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