15th Nov 2010 14:39
Speymill Macau Property Company plc
Transaction in own securities
The Board of Speymill Macau Property Company plc (the "Company") announces that on 12 November 2010, the Company purchased 50,000 of its own ordinary shares of US$0.10 nominal value at a price of US$ 0.91 per share in the market. Following the above purchase, the shares will be cancelled upon acquisition.
The board of the Company further announce that the 8,764,791 ordinary shares being held in treasury are also being cancelled with effect from today. The ordinary shares held in treasury have no voting rights and are not entitled, either to dividends, or to participate in any distributions. Consequently, their cancellation has no impact on the net asset value per share which will have been accounted for at the point that the shares were placed in treasury.
Following such cancellation, the Company will have 108,006,790 ordinary shares in issue.
The above figure of 108,006,790 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.
Enquiries
For more information, please visit www.speymillmacau.com or contact:
Speymill Property Group Limited Galileo Fund Services Limited
(Manager) (Administrator)
Huang Khoo Ian Dungate
Terri Tsang Suzanne Jones
+44 1624 640 860 +44 1624 692600
Matrix Corporate Capital LLP Fairfax I.S. PLC(Nominated Adviser and Broker) (Broker)Paul Fincham James KingJonathan Becher Andrew Cox+44 20 3206 7000 +44 20 7598 5368
Related Shares:
TCA.L