1st Jul 2005 13:58
William Hill PLC01 July 2005 1 July 2005 WILLIAM HILL PLC REPURCHASES OF SHARES IN CLOSE PERIOD William Hill PLC ("William Hill" or the "Company") announces that the Companyhas entered into an irrevocable arrangement with its broker, Citigroup GlobalMarket U.K. Equity Limited ("Citigroup"), to repurchase on its behalf and withincertain pre-set parameters, ordinary shares in William Hill commencing on 6thJuly 2005 (the "transaction"). The sole purpose of the transaction is to reducethe capital of the Company. Citigroup has been granted the authority torepurchase up to a maximum of 4 million shares provided that the aggregatepurchase price of the shares shall not in any event exceed £20 million. Theauthority expires on 24 August 2005. This arrangement is in accordance withChapter 12 of the Listing Rules and William Hill's general authority torepurchase up to 39,433,611 shares. Enquiries: David Harding, Chief Executive Tel: 0208 918 3910 Tom Singer, Chief Operating Officer Tel: 0208 918 3910 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WMH.L