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Transaction in Own Shares

24th Feb 2012 17:19

RNS Number : 1255Y
AMEC PLC
24 February 2012
 



 

 

 

 

 

 

AMEC plc

 

24 February 2012

 

Transaction in Own Shares

 

On 21 February 2012, AMEC plc ("the Company") announced that it intended to complete a £400 million share buyback programme within the next twelve months.

 

Today the Company announces that it has purchased 200,000 of its ordinary shares of 50p each at 1111.44 pence per share through Deutsche Bank AG. All of these shares will be held as Treasury shares and utilised, as normal practice, to satisfy the obligations of the Company's Savings Related Share Option Schemes. This purchase equates to approximately 0.06 per cent of AMEC's current issued share capital excluding Treasury shares prior to this purchase.

 

AMEC's total issued share capital is 337,965,871 shares. Following the purchase of these shares, AMEC plc holds 5,668,711 of its shares in Treasury and has 332,297,160 ordinary shares in issue excluding Treasury shares.

 

Cumulative purchases to date under the buyback programme amount to approximately £11.94 million.

 

Going forward, it is the Company's intention that the significant majority of the shares purchased under this programme will be cancelled.

 

AMEC plc +44 (0)20 7539 5800

 

Sue Scholes - Director of Communications

 

Nicola-Jane Brooks - Head of Investor Relations

 

 

 

AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, minerals and metals, clean energy, environment and infrastructure markets. With annual revenues of some £3.3 billion, AMEC designs, delivers and maintains strategic and complex assets and employs over 27,000 people in around 40 countries worldwide. See amec.com.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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