27th Feb 2012 17:19
AMEC plc
27 February 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 300,000 of its ordinary shares of 50p each at 1113.85 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 0.09 per cent of AMEC's current issued share capital excluding Treasury shares prior to this purchase.
The Company also notifies that 42,556 shares held in Treasury were today transferred to share scheme participants.
AMEC's total issued share capital is 337,965,871 shares. Following the changes noted above, AMEC plc holds 5,926,155 of its shares in Treasury and has 332,039,716 ordinary shares in issue excluding Treasury shares.
Cumulative purchases to date under the buyback programme amount to approximately £15.38 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.
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