31st Jan 2007 14:59
Character Group PLC31 January 2007 Issued by Charles Stanley Securities Date: Wednesday, 31 January 2007 The Character Group plc ('Character Group' or the 'Company') Sale of Treasury Shares The Board announces that the Company has today sold 775,000 of the ordinaryshares of 5 pence each in the capital of the Company held in treasury, inresponse to new institutional investor interest, at a price of 123.5 pence pershare. Following the sale of these shares, the Company holds 979,322 ordinary shares inTreasury, which do not carry any voting rights. Therefore, the total number of ordinary shares carrying voting rights inCharacter Group is now 45,493,837. The above figure of 45,493,837 may be used by shareholders as the denominatorfor the calculations by which they can determine if they are required to notifytheir interest in, or a change to their interest in the company, under theDisclosure and Transparency Rules. Richard King, Chairman, Character Group, commented: "I welcome institutional interest in the Company's shares which should lead tomore stability in the Company's share price as well as reflecting support forthe Group's initiatives. It should also be noted that the average price atwhich we bought ordinary shares into treasury was approximately 64.8 pence pershare. It remains part of the Board's strategy to seek to enhance shareholder valuethrough a buy-back programme of the Company's shares. The Board will continueto monitor the position and, if considered appropriate, make further marketpurchases." Enquiries: The Character Group Plc Charles Stanley Securities Citigate Dewe Rogerson LtdRichard King / Kiran Shah Rick Thompson / Philip Davies Fiona Tooley Tel: 020 8949 5898 Tel: 020 7149 6000 Tel: 0121 455 8370 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Character