10th Jun 2008 07:00
Kingspan Group Plc
Share Buyback Programme
10 June 2008
Kingspan Group plc, the leading manufacturer of a range of sustainable products for the construction industry, announces that the Board has decided to introduce a share repurchase programme of up to 10% of the 171.1 million shares currently in issue. The buyback will be managed on behalf of Kingspan by its Brokers, Goodbody and UBS. Shares repurchased on Kingspan's behalf under the programme may be held as Treasury Shares. The timing and amount of shares bought back will depend on the Group's pipeline of development opportunities as well as equity market conditions.
The Company continues to identify and pursue acquisitions and is currently actively engaged in reviewing opportunities which would require a total spend of c.€100 million. There can be no certainty that any of these opportunities will translate to transactions.
For further information please contact:
Lorcan Dowd
Company Secretary
+ 353 42 9698000
Related Shares:
KGP.L