Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Transaction in Own Shares

1st Mar 2012 17:13

RNS Number : 5408Y
AMEC PLC
01 March 2012
 



 

 

 

 

 

 

AMEC plc

 

1 March 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 200,000 of its ordinary shares of 50p each at 1116.19 pence per share through Deutsche Bank AG. All of these shares will be held as Treasury shares and utilised, as normal practice, to satisfy the obligations of the Company's Savings Related Share Option Schemes. This purchase equates to approximately 0.06 per cent of AMEC's current issued share capital excluding Treasury shares prior to this purchase.

 

AMEC's total issued share capital is 337,965,871 shares. Following the purchase of these shares, AMEC plc holds 6,576,155 of its shares in Treasury and has 331,389,716 ordinary shares in issue excluding Treasury shares.

 

Cumulative purchases to date under the buyback programme amount to approximately £22.67 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, minerals and metals, 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 27,000 people in around 40 countries worldwide. See amec.com.

 

 

 

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

Related Shares:

AMFW.L
FTSE 100 Latest
Value8,448.81
Change-14.65