4th Jun 2008 16:18
Tandem Group plc
(the "Company")
Transaction in own shares - correction
On 22 February 2008 the Company announced that it had purchased 1,600,000 ordinary shares of 4p each in the Company at a price of 15 pence per share and transferred them into treasury. The purchase took place at a time when the Company did not have sufficient distributable profits and as a result the transaction is void. The transaction is being corrected and the Company plans to seek cancellation of the share premium account to enable future share buy backs and will update shareholders in due course.
For further information contact:
KBC Peel Hunt Ltd 020 7418 8900
David Anderson
Deon Veltdman
Tandem Group plc 01733 211399
Jim Shears, Company Secretary
Related Shares:
Tandem Group