City Pub Group PLC (The) LAUNCH OF NEW SHARE BUYBACK PROGRAMME (3930N)
22 9월 2023 - 7:19PM
UK Regulatory
TIDMCPC
RNS Number : 3930N
City Pub Group PLC (The)
22 September 2023
22 September 2023
The City Pub Group plc
(the "Company")
LAUNCH OF NEW SHARE BUYBACK PROGRAMME
The City Pub Group plc (AIM: CPC), the owner and operator of 52
premium pubs across Southern England and Wales, today announces
that it intends to commence a new share buyback programme in
respect of its ordinary shares of 1p each ("Ordinary Shares") up to
an initial maximum value of GBP1.5 million worth of Ordinary Shares
from the date of this announcement (the "Share Buyback Programme"),
as referenced in the Company's interim results announcement on 21
September 2023. The purchased Ordinary Shares will be held in
treasury.
Details of the Share Buyback Programme
The Company has given an irrevocable and non-discretionary
instruction to Liberum Capital Limited, acting as 'riskless' or
'matched' principal, in relation to the Share Buyback Programme,
which will commence today and will end no later than 20 September
2024.
Any purchases of Ordinary Shares contemplated by this
announcement will be effected within certain pre-set parameters.
These arrangements are in accordance with the authorities granted
by the Company's shareholders at its annual general meeting held on
7 June 2023 in respect of market repurchases of Ordinary
Shares.
Due to the limited liquidity in the Ordinary Shares, the Share
Buyback Programme may on any given trading day exceed 25 per cent
of the average daily trading volume and, accordingly, the Company
may not benefit from the exemption contained in Article 5(1) in the
UK version of the Market Abuse Regulations (Regulation (EU) No
596/2014) as incorporated into UK domestic law by virtue of the
European Union (Withdrawal) Act 2018.
Any market repurchase of Ordinary Shares will be announced no
later than 7:30 a.m. on the business day following the calendar day
on which the repurchase occurred. All Ordinary Shares repurchased
will be held in treasury.
Enquiries:
City Pub Group Today: via Instinctif
Clive Watson, Executive Chairman
Holly Elliott, CFO
Instinctif Partners
Matthew Smallwood +44 (0) 20 7457 2020
Liberum (Nomad & Joint Broker)
Chris Clarke
Edward Thomas
Kane Collings +44 (0) 20 3100 2000
Panmure Gordon (UK) Limited
(Joint broker)
Simon French
Ailsa Macmaster
Rupert Dearden +44 (0) 20 7886 2500
For further information on City Pub Group pubs visit
www.citypubcompany.com
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END
POSMZGZLGZNGFZM
(END) Dow Jones Newswires
September 22, 2023 06:19 ET (10:19 GMT)
City Pub (LSE:CPC)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
City Pub (LSE:CPC)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024