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Share Buyback

2nd Nov 2012 07:00

RNS Number : 1611Q
British Sky Broadcasting Group PLC
02 November 2012
 



BRITISH SKY BROADCASTING GROUP PLC - SHARE BUYBACK

 

British Sky Broadcasting Group plc (the "Company") announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 29 November 2011, on 1 November 2012 it purchased 150,000 of its ordinary shares of £0.50 pence each ("shares") for cancellation ("Transaction A").

 

The volume weighted average price paid by the Company for Transaction A was 733.7691 pence per share.

 

In accordance with the agreement between the Company and News UK Nominees Limited (and others) dated 28 July 2011, and shareholder authority granted on 29 November 2011, the Company will today purchase 96,458 shares at 733.7691 pence per share from News UK Nominees Limited for cancellation.  

 

Furthermore, the Company announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 1 November 2012, on 1 November 2012 it purchased a further 47,901 of its shares for cancellation ("Transaction B").

 

The volume weighted average price paid by the Company for Transaction B was 749.1949 pence per share.

 

In accordance with the agreement between the Company and News UK Nominees Limited (and others) dated 25 July 2012, and shareholder authority granted on 1 November 2012, the Company will today purchase 30,803 shares at 749.1949 pence per share from News UK Nominees Limited for cancellation.

 

Following the completion of the above transactions the Company will have 1,649,370,958

votable shares in issue. This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.

 

Enquiries:

 

Mark Chambers

Company Secretarial Assistant

Telephone: +44 (0)870 240 3000

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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