3rd Mar 2022 07:00
For immediate release
03 March 2022
SEC Newgate S.p.A. ("SEC Newgate" or the "Company")
Transaction in own shares and completion of on-market Buy-back period
SEC Newgate (AIM:SECN), the insight-driven global strategic communications group that works at the nexus of business, politics, communities, markets and media, announces that on 02 March 2022 it made the following purchases of Ordinary Shares pursuant to the Buy-back announced on 17 February 2022.
Date of purchases: 02 March 2022
Number of Ordinary Shares purchased: 737,316
Highest price paid per Ordinary Share: 111.32p
Lowest price paid per Ordinary Share: 111.32p
Volume weighted average price: 111.32p
The Company will hold the above Ordinary Shares in treasury.
The on-market Buy-back, pursuant to which the Company has repurchased an aggregate of 2,714,725 Ordinary Shares, has now closed.
Buy-back following Delisting
Following Delisting of SEC Ordinary Shares from AIM, expected to occur at 7.00 a.m. on 7 March 2022, the Buyback at 111.32p per Ordinary Share will continue until 18 May 2022 through a facility arranged with Asset Match, which may be found at www.assetmatch.com or https://www.assetmatch.com/app/OurCompanies/CompanyProfile?companyId=2539.
Shareholders will continue to be able to hold their Ordinary Shares in uncertificated form (i.e. in CREST) and should check with their existing stockbroker whether they are willing or able to trade in unquoted shares. Shareholders wishing to trade Ordinary Shares through Asset Match must do so through a stockbroker. A comprehensive list of stockbrokers who have signed up to access the Asset Match platform is available on request.
Shareholders wishing to utilise the off-market buyback facility should direct any enquiries to [email protected] or alternatively Tel. 020 7248 2788.
Total Voting Rights and Additional disclosures
Following the repurchase of the Ordinary Shares set out above, the Company's issued share capital consists of 21,996,197 Ordinary Shares (excluding treasury shares), and the Company will hold 2,714,725 Ordinary Shares in treasury. Therefore, the total voting rights in the Company will be 21,996,197. This figure for the total number of voting rights 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 FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the detailed breakdown of individual trades made by Arden Partners on behalf of the Company as part of the share buyback programme is set out below.
Transaction date and time | Number of shares purchased | Transaction price (pence per share) | Trading venue |
02/03/2022, 08:07 | 8 | 111.32 | AIMX |
02/03/2022, 08:43 | 152 | 111.32 | AIMX |
02/03/2022, 09:17 | 404 | 111.32 | AIMX |
02/03/2022, 09:49 | 1,243 | 111.32 | AIMX |
02/03/2022, 10:23 | 337,887 | 111.32 | AIMX |
02/03/2022, 10:24 | 21,593 | 111.32 | AIMX |
02/03/2022, 11:19 | 168 | 111.32 | AIMX |
02/03/2022, 11:27 | 45 | 111.32 | AIMX |
02/03/2022, 12:35 | 370,030 | 111.32 | AIMX |
02/03/2022, 14:24 | 5,000 | 111.32 | AIMX |
02/03/2022, 15:04 | 698 | 111.32 | AIMX |
02/03/2022, 15:15 | 88 | 111.32 | AIMX |
Capitalised terms used in this announcement shall have the same meaning as set out in the Company's announcement dated 25 January 2022, unless otherwise defined.
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
Media Enquiries
Fiorenzo Tagliabue (Group CEO) | Tel: +39 335 6008858 |
Emma Kane (Deputy Group CEO, CEO SEC Newgate UK) | Tel: +44 (0) 7876 338339 |
Sergio Penna (Group CFO) | |
Arden Partners (Nominated Adviser and Broker) |
|
Richard Johnson, Ben Christie | Tel: +44 (0) 20 7614 5900 |
Notes to Editors
SEC Newgate's focus is on achieving positive outcomes through communications, advocacy and research, helping clients clearly demonstrate their purpose, value, and impact locally, nationally and internationally. Further information is available at the Group's website: www.secnewgate.com Further information on SEC Newgate UK is available at: www.secnewgate.co.ukRelated Shares:
SECN.L