TIDMSECN
RNS Number : 4491D
SEC Newgate S.p.A.
03 March 2022
For immediate release
03 March 2022
SEC Newgate S.p.A. ("SEC Newgate" or the "Company")
Transaction in own shares and completion of on-market Buy-back
period
SEC Newgate (AIM:SECN), the insight-driven global strategic
communications group that works at the nexus of business, politics,
communities, markets and media, announces that on 02 March 2022 it
made the following purchases of Ordinary Shares pursuant to the
Buy-back announced on 17 February 2022.
Date of purchases: 02 March 2022
Number of Ordinary Shares purchased: 737,316
Highest price paid per Ordinary Share: 111.32p
Lowest price paid per Ordinary Share: 111.32p
Volume weighted average price: 111.32p
The Company will hold the above Ordinary Shares in treasury.
The on-market Buy-back, pursuant to which the Company has
repurchased an aggregate of 2,714,725 Ordinary Shares, has now
closed.
Buy-back following Delisting
Following Delisting of SEC Ordinary Shares from AIM, expected to
occur at 7.00 a.m. on 7 March 2022, the Buyback at 111.32p per
Ordinary Share will continue until 18 May 2022 through a facility
arranged with Asset Match, which may be found at www.assetmatch.com
or
https://www.assetmatch.com/app/OurCompanies/CompanyProfile?companyId=2539
.
Shareholders will continue to be able to hold their Ordinary
Shares in uncertificated form (i.e. in CREST) and should check with
their existing stockbroker whether they are willing or able to
trade in unquoted shares. Shareholders wishing to trade Ordinary
Shares through Asset Match must do so through a stockbroker. A
comprehensive list of stockbrokers who have signed up to access the
Asset Match platform is available on request.
Shareholders wishing to utilise the off-market buyback facility
should direct any enquiries to dealing@assetmatch.com or
alternatively Tel. 020 7248 2788.
Total Voting Rights and Additional disclosures
Following the repurchase of the Ordinary Shares set out above,
the Company's issued share capital consists of 21,996,197 Ordinary
Shares (excluding treasury shares), and the Company will hold
2,714,725 Ordinary Shares in treasury. Therefore, the total voting
rights in the Company will be 21,996,197. This figure for the total
number of voting rights 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 Company under the FCA's Disclosure Guidance and
Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), the detailed breakdown of
individual trades made by Arden Partners on behalf of the Company
as part of the share buyback programme is set out below.
Transaction date Number of shares Transaction price Trading venue
and time purchased (pence per share)
02/03/2022, 08:07 8 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 08:43 152 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 09:17 404 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 09:49 1,243 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 10:23 337,887 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 10:24 21,593 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 11:19 168 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 11:27 45 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 12:35 370,030 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 14:24 5,000 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 15:04 698 111.32 AIMX
----------------- ------------------- --------------
02/03/2022, 15:15 88 111.32 AIMX
----------------- ------------------- --------------
Capitalised terms used in this announcement shall have the same
meaning as set out in the Company's announcement dated 25 January
2022, unless otherwise defined.
This announcement does not constitute, or form part of, an offer
or any solicitation of an offer for securities in any
jurisdiction.
Media Enquiries
Fiorenzo Tagliabue (Group CEO) Tel: +39 335 6008858
fiorenzo.tagliabue@secnewgate.com
Emma Kane (Deputy Group CEO, Tel: +44 (0) 7876 338339
CEO SEC Newgate UK) emma.kane@secnewgate.co.uk
Sergio Penna (Group CFO) sergio.penna@secnewgate.com
Arden Partners
(Nominated Adviser and Broker)
Richard Johnson, Ben Christie Tel: +44 (0) 20 7614 5900
Notes to Editors
-- SEC Newgate's focus is on achieving positive outcomes through communications, advocacy and research, helping
clients clearly demonstrate their purpose, value, and impact locally, nationally and internationally.
-- Further information is available at the Group's website: www.secnewgate.com
-- Further information on SEC Newgate UK is available at: www.secnewgate.co.uk
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END
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