18th Apr 2005 07:30
Inchcape PLC18 April 2005 18 April 2005 . Inchcape plc Commencement of share re-purchase programme Inchcape plc ("the Company") announces that on 15 April 2005 it commenced thebuy-back of ordinary shares in the Company up to a value of £65 million(representing approximately 4% of the Company's issued share capital) aspreviously announced at its Preliminary Results on 28 February 2005. Authorisation for the buy-back was granted by shareholders at the Company'sAnnual General Meeting on 13 May 2004. On 15 April 2005 the Company purchased 110,000 ordinary shares of 150p each.The price paid was 1939p. The Company intends to hold these shares in treasury. Following the purchase of these shares, the Company holds 110,000 of its sharesin treasury and has 79,607,265 shares in issue (excluding treasury shares). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Inchcape