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Transaction in Own Shares

8th Jul 2010 10:57

RNS Number : 0425P
Motivcom PLC
08 July 2010
 



 

Press Release

8 July 2010

 

Motivcom plc

("Motivcom" or "the Company")

 

Transaction in Own Shares

 

Motivcom plc (AIM:MCM), a leading UK business services group offering marketing communications, events and incentive expertise to blue-chip corporate clients, announces that, on 8 July 2010, the Company made an on market purchase of 150,000 ordinary shares of 0.5p ("Ordinary Shares") in the Company at an average price of 82.0p each. These shares will be held in Treasury by the Company until such time as they are used for:

i) cancellation;

ii) to satisfy the Company's obligations for employee share options or other share awards; or

iii) issuance to third parties in order to complete one or more transactions or other corporate purposes.

The Company now holds 2,122,007 Ordinary Shares in Treasury representing 6.8% of the total issued share capital. The total number of Ordinary Shares in issue (excluding those held in Treasury) amounts to 28,981,834 Ordinary Shares.

 

- Ends -

 

For further information:

Motivcom

Sue Hocken

Tel: +44 (0) 1908 608 000

sue.hocken@motivcom.com

www.motivcom.com

 

Grant Thornton Corporate Finance

Philip Secrett / Daniela Amihood

Tel: +44 (0)207 383 5100

philip.j.secrett@gtuk.com

www.gtuk.com

 

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