8th Jul 2008 11:54
ICAP plc (ICAP / the "Company")
Transaction in own shares
ICAP plc announces that on 8 July 2008 it purchased 1,000,000 of its 10p ordinary shares at a price of 454.13 pence per ordinary share.
ICAP has access to sufficient capital to continue to develop its businesses under its already announced strategy of organic and acquisition driven growth and has made this purchase in recognition of the recent weakness in its share price.
Following the above purchase, the Company holds 1,000,000 ordinary shares as Treasury Shares. The total number of ordinary shares in issue (excluding shares held in treasury) is 648,645,755.
This share buyback is in accordance with the authority granted by shareholders at its Annual General Meeting in July 2007.
Contact:
Mike Sheard Director of Corporate Affairs, ICAP plc Tel: + 44 20 7050 7103
ICAP plc
8 July 2008
Related Shares:
IAP.L