16th Apr 2014 07:00
SCISYS PLC
(SSY: AIM, "SCISYS" or the "Company")
Share Buy-Back Programme
SCISYS announces that it has put in place an irrevocable, non-discretionary programme for the repurchasing of up to £100,000 of its ordinary shares over the course of the programme. The repurchases will be independently managed by finnCap Ltd, the Company's broker, which will make trading decisions in relation to the Company's ordinary shares independently and without the influence of the Company. Any ordinary shares repurchased on behalf of the Company will be held in treasury.
Any repurchases pursuant to these arrangements will be carried out up to the earlier of 31 July 2014 or, should the authority to make repurchases of its ordinary shares not be renewed at such meeting, the Company's next annual general meeting of shareholders on 22 May 2014, within certain pre-set parameters and in accordance with the authority granted by the Company's shareholders to repurchase shares at its annual general meeting on 23 May 2013 ("2013 AGM"). Further information on the authority granted by shareholders is set out in the notice to the 2013 AGM, available at the Company's website at www.scisys.co.uk/who-we-are/investors.
For further information, please contact:
SCISYS PLC | ||
Peter Murden | Company Secretary | Tel : +44 (0) 1249 466 466 |
finnCap Limited Corporate Finance
Corporate Broking |
Julian Blunt Henrik Persson
Simon Starr |
Tel : +44 (0) 207 220 0500 |
Winningtons | Tom Cooper | Tel : +44 (0) 797 1221972 E-mail : [email protected] |
Related Shares:
SSY.L