28th Sep 2007 17:50
Shaftesbury PLC28 September 2007 Shaftesbury plc28 September 2007 Shaftesbury plcShaftesbury plc - Transactions in Own Shares Shaftesbury plc (the "Company") announces that it has commenced anon-discretionary programme to purchase up to a total of £30m of ordinary sharesduring its close period which commences on 01 October 2007 and is scheduled toend on the date of the announcement of the Company's preliminary results inearly December 2007. The purchased shares will be held as treasury shares. The buy back programme will be managed by an independent third party, whichmakes its trading decisions independently of, and uninfluenced by, the Company. Any acquisitions will be effected within certain pre-set parameters, and inaccordance with both the Company's general authority to repurchase shares andChapter 12 of the Listing Rules which requires that the maximum price paid belimited to no more than 5 per cent above the average market value for the sharesas derived from the London Stock Exchange Daily Official List for the fivebusiness days immediately prior to such purchase. The Company confirms that it currently has no unpublished price sensitiveinformation. ContactsBrian Bickell 020 7333 8118 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SHB.L