29th Jul 2008 10:53
29 July 2008
Close Brothers Group plc
Close Period Treasury share purchase arrangement
Close Brothers Group plc ("Close Brothers") announces that it has entered into an irrevocable, non-discretionary arrangement to enable the purchase of its own shares during its close period. Any shares purchased under the arrangement will be held as Treasury shares for the purpose of satisfying option grants and share awards made under Close Brothers' employee share plans. The arrangement commences on 29 July 2008 and may expire after the announcement of the preliminary results for the period ending 31 July 2008 (currently expected to be 29 September 2008) but in any event will expire no later than 31 December 2008.
Any acquisitions will be effected within certain pre-set parameters, and in accordance with both Close Brothers' general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the minimum price paid to be limited to no more than 105 per cent of the average middle market closing price of Close Brothers' shares for the 5 dealing days preceding the date of purchase.
Enquiries:
Robin Sellers, Close Brothers Group plc - Company Secretary 020 7655 3431
Related Shares:
Close Bros