29th Jun 2006 07:30
RM PLC29 June 2006 29 June 2006 RM plc - purchase of own shares RM plc announces that yesterday it purchased for cancellation 10,250 ordinaryshares of 2p each at an average price of 152.9p per share. The highest pricepaid was 153p; the lowest price paid was 152p. The shares purchased representapproximately 0.01% of the Group's issued share capital. For further information contact: Mike Greig/Phil Hemmings, RM plc 08709 200200Mark Antelme/Fiona Laffan, Brunswick 0207 404 5959 Notes: A special resolution was passed at RM's AGM on 23 January 2006 renewing theGroup's permission to make market purchases of up to a total 9,072,970 shares(10% of shares in issue). The Group last repurchased shares in 2002. During that year it purchased4,680,088 shares, representing 4.96% of the then issued share capital. RM is strongly cash generative, with net cash inflow from operating activitiesduring the first half of the current financial year of £10.7 million. At theend of the first half of the year (31 March 2006) cash and cash equivalentsstood at £24.5 million. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rm