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Transaction in Own Shares

25th Jun 2012 14:55

RNS Number : 0871G
Avesco Group PLC
25 June 2012
 

AVESCO GROUP plc

 

Transaction in own shares

 

Avesco Group plc (the "Company") (AIM: AVS), a leading international provider of services to the corporate presentation, entertainment and broadcast markets, announces a transfer of ordinary shares in the Company ("Shares") out of treasury. Following Ian Martin's, former Chief Executive, departure from the Board, as announced on 14 June 2012, 72,000 Shares have been transferred from treasury to Mr Martin, pursuant to the vesting of existing LTIP awards over Shares held by Mr Martin. Following this transaction Mr Martin holds 772,000 Shares representing approximately 3.03% of the total voting rights as enlarged.

 

The total number of Avesco Shares in issue is unchanged at 25,985,899, with each Share carrying the right to one vote. There are now 542,349 Shares held in treasury. The total number of voting rights in the Company is therefore 25,443,550. The above figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

 

 

For further information please contact:

 

Avesco Group plc 01293 583 400

Richard Murray, Chairman

John Christmas, Group Finance Director

 

finnCap 020 7220 0500

Ed Frisby/Rose Herbert, corporate finance

Brian Patient/Victoria Bates, corporate broking

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