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Transaction in Own Shares

13th Nov 2012 16:55

RNS Number : 0416R
AMEC PLC
13 November 2012
 



 

 

 

 

 

 

AMEC plc

 

13 November 2012

 

 

Transaction in Own Shares

 

On 21 February 2012, AMEC plc ("the Company") announced that it intended to complete a £400 million share buyback programme within the next twelve months.

 

Today the Company announces that it has purchased 153,000 of its ordinary shares of 50p each at 1026.12 pence per share through Deutsche Bank AG, all of which are to be cancelled. This purchase equates to approximately 0.05 per cent of AMEC's current issued share capital excluding Treasury shares prior to this purchase.

 

The highest purchase price paid was 1032.00 pence per share and the lowest purchase price paid was 1019.00 pence per share.

 

Following this change AMEC's total issued share capital is 313,002,449 ordinary shares, of which 7,341,671 are registered as Treasury Shares, leaving a balance of 305,660,778 shares with voting rights.

 

Cumulative purchases to date under the buyback programme amount to approximately £305.36 million.

 

Going forward, it is the Company's intention that the significant majority of the shares purchased under this programme will be cancelled.

 

AMEC plc +44 (0)20 7539 5800

 

Sue Scholes - Director of Communications

 

Nicola-Jane Brooks - Head of Investor Relations

 

 

 

AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, mining, clean energy, environment and infrastructure markets. With annual revenues of some £3.3 billion, AMEC designs, delivers and maintains strategic and complex assets and employs over 29,000 people in around 40 countries worldwide. See amec.com.

 

 

 

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