13th Oct 2008 07:00
Chesnara plc10 October 2008Transaction in Own Shares
Chesnara plc ("Chesnara" or "the Company") announces that on 10 October 2008 it purchased 250,000 of its 5p ordinary shares at a volume weighted average price paid per share of 105.0 pence. The highest price paid per share was 105 pence and the lowest price paid per share was 105 pence.
The shares purchased have been transferred into treasury. As a result of this transaction Chesnara now holds 1,164,274 shares in treasury.
The Board has taken the decision to conduct this purchase of the Company's own shares as a result of the low level of the Company's share price. The total value of shares purchased was ‚£262,500.
The total number of shares in issue (total voting rights) after taking into account the movement of these 250,000 shares into treasury is 103,424,511 (at the date of this announcement).
Enquiries
Graham Kettleborough
Chief Executive, Chesnara plc 07799 407 519
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