Ingenta PLC Share Buyback Programme (5715Z)
September 21 2020 - 4:46AM
UK Regulatory
TIDMING
RNS Number : 5715Z
Ingenta PLC
21 September 2020
21 September 2020
Ingenta plc
Share Buyback Programme
Ingenta plc ("Ingenta" or the "Company"), a leading provider of
software and services to the global publishing industry, announces
a share buyback programme to make market purchases of ordinary
shares of 10 pence each in the capital of the Company ("Ordinary
Shares"). The share buyback programme will commence from the date
of this announcement up until the sooner of either the expiry of
the authority obtained at its last Annual General Meeting on 30
June 2020 or when the aggregate value of Ordinary Shares purchased
equals GBP500,000. Should the Company seek to extend the share
buyback programme, a further announcement will be made as
appropriate.
The purchased shares will be held in treasury and may be
utilised, inter alia, to meet obligations arising from the
Company's share option programmes.
The Company will seek to make market purchases at a price or
prices that the Company believes will be value-enhancing for the
Company's shareholders. Notwithstanding the average daily volume
restriction set out in Article 3(3) of the Commission Delegated
Regulation (EU) 2016/1052, the Company may make purchases in excess
of these volume restrictions, subject to prevailing market
conditions and liquidity.
The purchase price to be offered will conform with the
restrictions set out in the AGM resolution passed on 30 June 2020,
under which the minimum price which may be paid by the Company is
10 pence per Ordinary Share, and the maximum price which may be
paid by the Company shall not be more than 150 per cent of the
average of the middle-market quotations for an Ordinary Share as
derived from the Stock Exchange Alternative Trading Service for the
10 business days immediately preceding the date on which the
Ordinary Shares are purchased.
Further, in accordance with Article 3(2) of the Commission
Delegated Regulation (EU) 2016/1052, the Company shall not, when
executing transactions under the share buyback programme, purchase
shares at a price higher than the higher of the price of the last
independent trade and the highest current independent purchase bid
on the trading venue where the purchase is carried out, including
when the shares are traded on different trading venues.
The Company will make regulatory announcements in respect of the
Company's transactions in its own shares as they occur.
For further information please contact:
Ingenta plc Tel: 01865 397 800
Scott Winner / Jon Sheffield
Cenkos Securities plc Tel: 0207 397 8900
Nicholas Wells / Harry Hargreaves
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
POSFIFSTAVILFII
(END) Dow Jones Newswires
September 21, 2020 04:46 ET (08:46 GMT)
Ingenta (LSE:ING)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ingenta (LSE:ING)
Historical Stock Chart
From Sep 2023 to Sep 2024