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

2nd Apr 2012 17:04

RNS Number : 6565A
AMEC PLC
02 April 2012
 



 

 

 

 

 

 

AMEC plc

 

2 April 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 112,530 of its ordinary shares of 50p each at 1120.88 pence per share through Deutsche Bank AG, all of which are to be cancelled. This purchase equates to approximately 0.03 per cent of AMEC's current issued share capital excluding Treasury shares prior to this purchase.

 

The Company also notifies that 24,191 shares held in Treasury were today transferred to share scheme participants.

 

Following this change AMEC's total issued share capital is 333,982,595 ordinary shares, of which 6,645,332 are registered as Treasury Shares, leaving a balance of 327,337,263 shares with voting rights.

 

Cumulative purchases to date under the buyback programme amount to approximately £70.43 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
 
 
POSSSEFMEFESESL

Related Shares:

AMFW.L
FTSE 100 Latest
Value8,447.92
Change-15.54