30th Oct 2012 07:00
30 October 2012
Origo Partners PLC
Transaction in Own Shares
Origo Partners ("Origo" or the "Company") today announces that the Board has authorised a share buyback programme of up to US$1.5 million. Ordinary shares in the Company will be repurchased at prices below the estimated Net Asset Value per share. The buyback programme is limited to a time frame of three months from the date of authorisation.
In the context of the Company's current focus on prudent management of the existing portfolio and cash reserves, the Board believes that a limited programme of purchasing shares at a discount to NAV will benefit the remaining shareholders.
Purchased shares will be cancelled by the Company and shares will not carry voting or dividend distribution rights.
For further information about Origo please visit www.origoplc.com or contact:
Origo Partners plc Chris Rynning Niklas Ponnert
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Nominated Advisor & Broker Liberum Capital Limited Simon Atkinson/Richard Bootle
| +44 (0)20 3100 2222 |
Public Relations: Aura Financial Nina Legge | +44 (0)20 7321 0000 |
Notes to editors:
Origo is an AIM-listed private equity investor and strategic consultancy business which provides its shareholders with exposure to China-linked investment opportunities.
Origo has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, renewable energy/clean-tech and technology, telecom and media.
Origo invests directly in high growth Chinese companies as well as in companies based around the world with significant exposure to Chinese export markets.
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OPP.L