13th Jan 2015 08:20
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.
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NBI.L