29th Dec 2006 08:00
Diageo PLC29 December 2006 29 December 2006 Diageo puts in place programme to enable the buy back of shares in forthcoming closed period Diageo plc announces that it has put in place an irrevocable, non-discretionaryprogramme to allow the company to buy back shares during the closed period whichprecedes the interim results announcement on 15 February 2007. The buy backprogramme during the closed period will be managed by an independent thirdparty, which will make its trading decisions in relation to the company'ssecurities independently of, and uninfluenced by, the company. Share buy backs will be effected during the period between 2 January 2007 and 15February 2007 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 cancelled on a daily basis. In announcing this Diageo confirms that currently it has no inside information.Diageo will announce interim results for the six months ending 31 December 2006on 15 February 2007. -ends- For further information: Investors enquiries Darren Jones + 44 (0) 20 7927 4223 [email protected] Media enquiries Isabelle Thomas + 44 (0) 8978 8647 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Diageo