30th Dec 2005 08:00
Diageo PLC30 December 2005 30 December 2005 DIAGEO PUTS IN PLACE PROGRAMME TO ENABLE THE BUY BACK OF SHARES IN FORTHCOMING CLOSED PERIOD Diageo plc has today announced that it has put in place an irrevocable,non-discretionary programme to allow the company to buy back shares during theclosed period which precedes the interim results announcement on 16 February2006. The buy-back programme during the closed period will be managed by anindependent third party, which will make its trading decisions in relation tothe company's securities independently of, and uninfluenced by, the company. Share buy backs will be effected during the period between 3 January 2006 and 16February 2006 within pre-set parameters. The buy backs will be in accordancewith Diageo's general authority to repurchase shares and in accordance withChapter 12 of the Listing Rules. Consequently the maximum price paid will belimited to no more than 105 per cent of the average middle market quotations ofDiageo shares 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 In announcing this Diageo confirms that currently it has no unpublished pricesensitive information. Diageo will announce interim results for the six monthsending 31 December 2005 on 16 February 2006. -ends- Contacts: Investor Relations: Catherine James +44 (0)207 927 5272 [email protected] Media Relations: Isabelle Thomas +44(0)207 927 5967 [email protected] Notes to Editor: 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, Cuervo, CaptainMorgan and Tanqueray, and Beaulieu Vineyard and Sterling Vineyards wines. Diageotrades in some 180 countries around the world and is listed on both the New YorkStock Exchange (DEO) and the London Stock Exchange (DGE). For more informationabout Diageo, its people, brands and performance, visit us at www.diageo.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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