Cenkos Securities PLC Revision of the EBT Share Purchase Plan (8352Y)
09 9월 2022 - 12:47AM
UK Regulatory
TIDMCNKS
RNS Number : 8352Y
Cenkos Securities PLC
08 September 2022
8 September 2022
Cenkos Securities plc
("Cenkos" or the "Company")
Revision of the EBT Share Purchase Plan
Zedra Trust Company (Guernsey) Limited ("Zedra" or the
"Trustee") administers the Cenkos Securities EBT (the "EBT") and
currently has a trading plan (the "EBT Share Purchase Plan") in
place with the Company to purchase ordinary shares of 1p each in
the Company ("Ordinary Shares") to meet the future demands in
servicing the Company's share schemes and share plans. The trading
plan was due to expire on 31 December 2022 and purchases under it
were limited to GBP300,000 of Ordinary Shares in the Company (by
market value) per calendar month.
The Company announces that the authority to make purchases under
the EBT Share Purchase Plan has now been reduced to GBP50,000 (by
market value) per calendar month and will continue until further
notice. All previous terms and conditions remain the same as
previously announced and the revised terms are as detailed
below.
Under the EBT Share Purchase Plan, the Trustee has instructed
its broker, to acquire Ordinary Shares for the EBT. Purchases under
the EBT Share Purchase Plan are limited to GBP50,000 of Ordinary
Shares (by market value) per calendar month and the maximum price
paid for such Ordinary Shares shall be an amount equal to the
higher of: (i) 5% above the average of the middle market quotations
for such Ordinary Shares for the preceding five business days
immediately preceding the day on which the purchase is made; (ii)
the price of the last independent trade of Ordinary Shares on the
venue where the purchase is carried out; and (iii) the highest
current independent bid for an Ordinary Share as derived from the
trading venue where the purchase is carried out. The EBT Share
Purchase Plan will, unless terminated by the Trustee at an earlier
date, continue until further notice.
Zedra, as Trustee of the EBT, has absolute discretion and
independence in respect of all trading decisions it may make in
respect of the purchase of Ordinary Shares pursuant to the EBT
Share Purchase Plan. Zedra currently holds 4,374,824 unallocated
shares (7.72%).
For further information, please contact:
Cenkos Securities plc
Julian Morse, Chief Executive Officer Tel: 0207 397 8900
SPARK Advisory Partners Limited
Matt Davis, Nominated Adviser Tel: 0203 368 3552
The Nisse Consultancy - Public relations
Jason Nisse Tel: 07769 688618
Andrew Garfield Tel: 07974 982337
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September 08, 2022 11:47 ET (15:47 GMT)
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