Share Buyback Programme
July 27 2009 - 8:04AM
UK Regulatory
TIDMTAW
RNS Number : 3307W
Tawa PLC
27 July 2009
Tawa plc
27 July 2009
Tawa plc (the "Company" or "Tawa")
Share Buyback Programme
Using the authority given by shareholders at the AGM held on 18 June 2009, Tawa
today announces that it will initiate a on- market share buyback programme
through its broker KBC Peel Hunt following the publication of its interim
results which are anticipated to be announced on 28 September 2009. The AGM
authorisation allows for repurchase of up to 10% of the Company's issued share
capital at a price not to exceed 127p per share. The objective of the buyback
programme is to enhance the Company's NAV per share.
Any shares purchased will be held in treasury or may be cancelled.
Enquiries:
+-----------------------------------------+------------------------------+
| Gilles Erulin, Chief Executive | 020 7068 8044 |
| Tawa plc | |
+-----------------------------------------+------------------------------+
| James Britton or Guy Wiehahn | 020 7418 8900 |
| KBC Peel Hunt (nominated adviser and | |
| broker) | |
+-----------------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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