Purchase of Shares

20th Dec 2010 14:11

John Menzies PLC - Purchase of Shares

John Menzies PLC ("the Company") announces that it is to buy up to 550,000 ordinary shares to satisfy future awards under the Company's Long Term Incentive Plans. Shares awarded from the Plans will only be given to participants after the attainment of performance criteria as detailed in the Company's annual report.

Any share purchases will be held in treasury and will be effected within certain pre-set parameters. The maximum price to be paid is not more than the higher of:

1. 5% above the average market value of the company's equity shares for the 5

business days prior to the day the purchase is made; and

2. that stipulated by Article 5 (1) of the Buy-back and Stabilisation

Regulation.

Given the level of liquidity in the Company's shares, the Company may purchase daily no more than 50 per cent. of the average daily volume of 49, 813 for November 2010 being the latest month prior to commencing the share buy back programme.

Any shares purchased under the Buy-Back Programme will count towards the Company's general buy-back authority of 6,021,390 ordinary shares, as approved at the Company's AGM on 21 May 2010.

John Menzies confirms that having published its Interim Management Statement on 16 November, it currently has no unpublished price sensitive information.

Enquiries

John Menzies PLC

Paul Dollman, Group Finance Director Tel: +44 131 459 8018

John Geddes, Group Company Secretary Tel: +44 131 459 8180

Numis Securities Limited

Tim Rowntree / Mark Lander Tel: +44 207 260 1000

vendor

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Related Shares:

MNZS.L