AdEPT Telecom plc Transaction in Own Shares (6272Y)
March 06 2017 - 7:29AM
UK Regulatory
TIDMADT
RNS Number : 6272Y
AdEPT Telecom plc
06 March 2017
AdEPT Telecom plc
("AdEPT" or the "Company")
Transaction in own shares
The Company announces that on 6 March 2017 it purchased 3,383
Shares on the London Stock Exchange for cancellation at a price of
310p per Share (the "Purchase") pursuant to the general authority
given to it at the Company's 2016 Annual General Meeting held on 28
September 2016 ("the 2016 BuyBack Authority").
Further details regarding the 2016 BuyBack Authority are
below.
Total voting rights
Following the Purchase and cancellation, the Company's issued
share capital is 22,504,680 Shares. The Company does not hold any
Shares in treasury. Therefore, the total number of voting rights in
the Company is 22,504,680. This figure may be used by shareholders
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
For more information please contact:
AdEPT Telecom Plc
Roger Wilson, Chairman 07786 111 535
Ian Fishwick, Chief Executive 01892 550 225
John Swaite, Finance Director 01892 550 243
Northland Capital Partners Limited
Nominated Adviser
Edward Hutton/Gerry Beaney
Broking
John Howes 020 3861 6625
The 2016 BuyBack Authority
The 2016 BuyBack Authority authorised the Company to make market
purchases (during the period expiring at the conclusion of the 2017
Annual General Meeting or, if later, 27 January 2018) up to a
maximum of 3,372,615 Shares at a price not exceeding the higher of
(i) an amount equal to 5 per cent. above the average market value
of the Shares for the five business days immediately preceding the
date on which the Share is contracted to be purchased; and (ii) the
higher of the price of the last independent trade and the current
highest independent bid on the trading venue where the purchase is
carried out.
A total of 11,531 Shares have now been purchased for
cancellation pursuant to the 2016 BuyBack Authority.
About AdEPT Telecom plc:
AdEPT Telecom plc is one of the UK's leading independent
providers of unified communications solutions. The Company provides
a complete communications portfolio of fixed line calls, line
rental, mobile, IP telephony, equipment installation, managed
services, IT services, Wi-Fi, IT and communications hardware and
data connectivity products. AdEPT's tailored services are used by
thousands of customers across the UK and are brought together
through the strategic relationships with tier-1 suppliers such as
BT Openreach, Vodafone, Virgin Media, Avaya, Microsoft, Dell and
Apple.
AdEPT is listed on the London Stock Exchange (Ticker: ADT). For
further information please visit: www.adept-telecom.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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