Coral Products PLC Transaction in Own Shares (6471L)
May 16 2022 - 8:22AM
UK Regulatory
TIDMCRU
RNS Number : 6471L
Coral Products PLC
16 May 2022
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 (MAR) as in force in
the United Kingdom pursuant to the European Union (Withdrawal) Act
2018. Upon the publication of this announcement via Regulatory
Information Service (RIS), this inside information is now
considered to be in the public domain.
Coral Products plc
(the "Company", the "Group" or "Coral")
Transaction in Own Shares
Coral Products plc (AIM: CRU), a specialist in the design,
manufacture and supply of plastic products, announces that on 9 May
2022, pursuant to the authority approved by shareholders at the
Company's Annual General Meeting dated 27 October 2021, the Company
transferred 4,838,710 ordinary shares of 1 pence each ("Ordinary
Shares") at a price of 15.5 pence each (the "Transaction") to Ian
Hillman. These shares were issued in part payment for the
acquisition of Film and Foil Solutions Limited as per RNS dated 4
May 2022.
Following the Transaction, the Company has 85,942,532 Ordinary
Shares in issue of which holds 2,464,945 Ordinary Shares are held
in treasury. Therefore, the total number of voting rights in the
Company is 83,477,589 ordinary shares, this number may be used by
shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
As a result of this transaction, the aggregate holdings of Ian
Hillman amounts to 4,838,710 Ordinary Shares in the Company
representing 5.8 per cent of the issued share capital.
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail on shares acquired.
Details of the trade:
a) Name Coral Products plc
2 Reason for the notification
a) Position/status Treasury Share Account
b) Initial notification/ Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Coral Products plc
b) LEI 213800M2XLY2QGBMUN82
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description of the financial Ordinary shares of 1p
instrument, type of
instrument GB0002235736
Identification code
b) Nature of the transactions Sale of Ordinary Shares
c)
Price(s) and volume(s) Price(s) Volume(s)
15.5p 4,838,710
d) Aggregated information
- Aggregated volume 4,838,710
- Price 15.5p
e) Date of the transaction 9 May 2022
f) Place of the transaction London Stock Exchange, AIM
ENQUIRIES :
Coral Products plc
Joe Grimmond, Executive Chairman Tel: 07703 518148
WH Ireland, Nominated Adviser and Broker Tel: 020 7220 1666
Katy Mitchell
Darshan Patel
Megan Liddell
Capital Markets Consultants Limited Tel: 07515 587184
Richard Pearson
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END
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