EUROCELL
PLC
("Eurocell" or the
"Company")
Transaction in Own Shares
& Completion of the Share Buyback Programme
Eurocell announces that it has
purchased (through Berenberg acting as the Company's broker) the
following number of its ordinary shares of 0.1p each on the London
Stock Exchange.
|
Date of purchase:
|
13/02/2025
|
|
Number of ordinary shares purchased
(aggregated volume):
|
7,861
|
|
Highest price paid per share
(pence):
|
145.39
|
|
Lowest price paid per share
(pence):
|
145.39
|
|
Volume weighted average price paid
per share (pence):
|
145.39
|
Following the purchase/cancellation
of these shares, the Company will have 1,342,000 shares held in
treasury and the Company's issued share capital (excluding shares
held as treasury shares) will consist of 101,402,305
shares.
The total number of voting rights in
Eurocell is therefore 101,402,305. This figure may be used by
shareholders as the denominator for the calculations by which they
can determine if they are required to notify their interest, or a
change to their interest, in the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
In accordance with Article 5(1)(b)
of the UK version of Regulation (EU) No. 596/2014 which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018, the
table below contains detailed information of the individual trades
made by Berenberg as part of the Share Buyback
Programme.
Aggregate information:
|
Venue
|
Volume-weighted average price (pence per share)
|
Aggregated volume
|
|
XLON
|
145.39
|
7,861
|
Individual transactions:
|
Number of
shares purchased
|
Transaction price (pence per share)
|
Time of
transaction
|
Venue
|
|
7,861
|
145.39
|
16:22
|
XLON
|
Completion of the Share Buyback Programme
Following the above transaction, the
Company has completed the £5 million share buyback programme
extension (the "Buyback") launched on 04 September 2024.
Between 04 September 2024 and 13
February 2025, a total of 2,953,013 Ordinary Shares in the Company
were repurchased on the London Stock Exchange at an average price
of £1.69 per share. 700,000 of the shares purchased have been
retained in treasury with the remaining 2,253,013 being purchased
for cancellation.
As previously announced, we are
committed to driving shareholder returns through a combination of a
progressive ordinary dividend and supplementary distributions
(currently via share buybacks) where appropriate, whilst always
seeking to maintain a strong financial position. The Board
regularly reviews the case for supplementary distributions in the
context of our financial position, our capital allocation
priorities and market conditions.
Enquiries:
Eurocell plc
Vicky Williams
Group Company Secretary
Tel: 01773 842100
