6th Jan 2009 07:00
HUNTSWORTH PLC
("Huntsworth") or (the "Company")
Share Buy-Back Programme
6 January 2009
Huntsworth announces that it is to commence a share buy-back programme (the "Buy-Back Programme") to buy up to £5 million of the Company's existing issued share capital. Any shares purchased will be cancelled or held in treasury.
Any acquisitions pursuant to the Buy-Back Programme will be effected within certain pre-set parameters. The main parameter is that the maximum price paid is to be limited to no more than 105 per cent. of the average middle market closing price of Huntsworth's shares for the 5 dealing days preceding the date of purchase. Given the level of liquidity in the Company's shares, the Company may purchase more than 25 per cent. of the average daily volume over the preceding 20 business days.
Any shares purchased under the Buy-Back Programme will count towards the Company's general buy-back authority of 14.99% of the Company's issue share capital, as approved at the Company's EGM on 30 December 2008.
Huntsworth confirms that it currently has no unpublished price sensitive information.
Enquiries
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Huntsworth PLC |
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|
Sally Withey, Chief Operating Officer |
Tel: 44 (0)207 224 8778 |
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Numis Securities Limited |
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Rupert Krefting/ Nick Westlake/ Alex Ham |
Tel: 44 (0)207 260 1000 |
Related Shares:
HNT.L