27th Jun 2008 17:14
PHSC plc ("the Company")
Purchase of own shares
The Company announces that it used its discretionary authority on the 25 June 2008 to purchase 25,000 ordinary shares through the market at a price of 39 pence per ordinary share and today purchased a further 35,000 ordinary shares at a price of 38.75 pence per ordinary share and 10,000 ordinary shares at a price of 39 pence per ordinary share. This total of 70,000 shares will be cancelled.
The Directors believe that it is appropriate to continue to purchase shares for cancellation at suitable prices when cash flow permits, and this will improve earnings per share.
Following their cancellation, PHSC plc will have a total of 11,451,019 Ordinary Shares in issue. The Company does not hold any shares in treasury.
For further information please contact:
PHSC plcStephen King 01622 717700www.phsc.plc.co.ukRuegg & Co LimitedGavin Burnell 020 7584 3663Hichens, Harrison & Co. plcDaniel Briggs 020 7382 7776
vendorRelated Shares:
PHSC