29th Jun 2007 12:47
Go-Ahead Group PLC29 June 2007 The Go-Ahead Group plc ("Go-Ahead" or the "Company") Notice of Close Period Share Repurchase Programme Go-Ahead announces today that it will recommence an irrevocable,non-discretionary programme to purchase ordinary shares of 10p each in theCompany on its own behalf during its close period which commences on 7 July 2007and ends on the date of publication of Go-Ahead's preliminary results for theyear ending 30 June 2007. Any acquisitions will be effected within certain pre-set parameters, and inaccordance with both Go-Ahead's general authority to repurchase shares andChapter 12 of the Listing Rules, which requires that the maximum price paid belimited to no more than 105 per cent. of the average middle market closing priceof ordinary shares for the five dealing days preceding the date of purchase. For further information, please contact: The Go-Ahead Group plcKeith Ludeman, Group Chief Executive 020 8929 8650Ian Butcher, Group Finance Director 0191 232 3123 Weber Shandwick Square Mile (WSSM) 020 7067 0700Richard Hews/Rachel Taylor/Hannah Marwood Note to Editors: BUS The group's bus division operates over 3,600 buses, providing over 505 million passenger journeys and covering around 236 million vehicle kilometres each year. Operations fall into four main geographical areas: deregulated services in north east; deregulated services in West Midlands; deregulated services in south east / southern England; and regulated services for Transport for London in the capital. The newest additions to this division are Dockland Minibuses and Marchwood buses. RAIL The Group's rail division operates a fleet of 630 trains on which over 280 million passenger journeys are undertaken. Concentrated in the south east of England both our existing franchises, Southern and Southeastern, operate a mix of suburban commuter and mainline routes throughout south London, Kent, Surrey and Sussex. The Southeastern franchise will include the operation of new high speed trains on the domestic Channel Tunnel Rail Link into St Pancras from 2009. Last week it was announced that the Group will also operate the Gatwick Express from June 2008 and the West Midlands franchise from November 2007. AVIATION SERVICES The group's aviation services division undertakes a wide range of support services for national and international airlines. Services provided include cargo handling, passenger check-in, baggage handling, information desks, executive lounges, ground handling and customs clearance. In the last year 45 million passengers were handled as well as over half a million aircraft movements. The division includes Meteor Parking which is the second largest parking company in the UK, managing over 58,000 parking spaces predominantly at BAA airports, with a range of customers, including BAA, local authorities, retail outlets, NHS trusts, hotels and rail stations. Well known brands include 'Pink Elephant', 'Park 1' and 'eparking'. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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