Creston PLC Announcement of Share Buy-Back Programme (3148J)
11 6월 2014 - 3:01PM
UK Regulatory
TIDMCRE
RNS Number : 3148J
Creston PLC
11 June 2014
11 June 2014
Creston plc
('Creston' or 'the Group')
Announcement of Share Buy-Back Programme
Creston plc ('Creston' or 'the Group'), the international
marketing communications group, today announces the launch of a
share buy-back programme (the "Programme").
The Programme will commence with effect from today and will be
conducted in accordance with the authorisation granted to the Group
by shareholders at the AGM held on 3 September 2013.
The Group has appointed Liberum Capital Limited ("Liberum") to
manage the Programme and has authorised Liberum to effect on-market
purchases of ordinary shares of 10 pence each ("Ordinary Shares")
on behalf of the Group on the Main Market of the London Stock
Exchange plc (the "Exchange").
Pursuant to, and during the term of the Programme, Liberum may
independently of, and without influence by, Creston, purchase
Ordinary Shares from time to time at its absolute discretion
provided that:
1) the maximum price which may be paid for an Ordinary Share
cannot be more than an amount equal to the higher of:
a. 105 per cent of the average of the closing middle market
price for an Ordinary Share as derived from the London Stock
Exchange Daily Official List for the five business days immediately
prior to the day the purchase is made; and
b. the higher of the price of the last independent trade and the
highest current independent bid stipulated by Article 5(1) of the
Commission Regulation (Directive 2003/6/EC) 22 December 2003
implementing the Market Abuse Directive with regard to exemptions
for buy-back programmes and stabilisation of Financial Instruments
(No. 2273/2003).
Creston will announce any market repurchase of Ordinary Shares
no later than 7.30 a.m. on the business day following the business
day on which the repurchase occurred. To the extent permitted by
law, Ordinary Shares bought back under the Programme are expected
to be held in treasury.
For further information please contact:
+ 44 (0)20 7930
Creston plc 9757
Barrie Brien, Group Chief Executive
+44 (0)20 3100
Liberum 2222
Tom Fyson / Thomas Bective
+44 (0)20 7861
Bell Pottinger 3890
Elly Williamson / Malika Shermatova
About Creston plc
Creston plc (LSE: CRE) is an international marketing
communications group that leverages the strength of its agencies'
collective expertise and knowledge across insight, technology and
creativity to drive transformational growth for its clients through
thinking and ideas that connect brands to customers. The Group
delivers a range of marketing services, including advertising, CRM,
digital and direct marketing, health communications, local
marketing, market research, PR and social media marketing to a
broad spectrum of blue-chip global clients. www.creston.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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