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Transaction in Own Shares

13th Jan 2015 08:20

RNS Number : 9953B
Northbridge Industrial Services PLC
13 January 2015
 



 

13 January 2015

 

Northbridge Industrial Services Plc

("Northbridge" or the "Group")

Transaction in own shares

Northbridge, the industrial services and rental company, announces that yesterday it purchased 25,000 of its ordinary shares at a price of 395 pence per share. The shares bought back will be held in treasury for possible use as consideration shares in a future acquisition or to satisfy the exercise of existing or future share options to avoid further dilution to shareholders.

Total voting rights

 

Following this transaction, the Company's unchanged issued share capital will comprise 18,589,886 ordinary shares, including 177,150 ordinary shares held in treasury.

 

Therefore the figure of 18,412,736 ordinary shares should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

 

 

For further information

 

Northbridge Industrial Services plc

Eric Hook, Chief Executive Officer

Craig Robinson, Finance Director

01283 531645

Westhouse Securities Limited (Nominated Adviser and Broker)

Robert Finlay / Antonio Bossi / Henry Willcocks

020 7601 6100

Buchanan

Charles Ryland / Stephanie Watson

020 7466 5000

 

 

 

About Northbridge:

 

Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Azerbaijan, Australia, Belgium, Singapore and New Zealand and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.

 

 

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