Share Buyback
27 10월 2010 - 3:00PM
UK Regulatory
TIDMJIL
RNS Number : 0550V
Juridica Investments Limited
27 October 2010
Juridica Investments Limited
("JIL" or the "Company")
Share Buyback Programme
At the annual general meeting of the Company held on 28 May 2010, Shareholders
authorised the Company to make market purchases of up to 14.99 per cent. of the
issued share capital of the Company.
Given the current share price of the Company's shares compared to its published
net asset value, the Company announces that it intends to commence a share
buyback programme over the next few days of up to US $10 million (the
"Buyback") pursuant to this authority. No purchases will be made by the
Company under the Buyback unless they are earnings accretive.
Assuming no sales are made by Invesco Asset Management Limited ("Invesco"),
Invesco may hold shares carrying more 30 per cent. of the voting rights of the
Company as a result of a Buyback.
Following discussions between the Company and the Takeover Panel, the Takeover
Panel has agreed that, under Rule 37.1 of the Takeover Code and the notes to
that Rule, Invesco should be treated as an "innocent bystander" in relation to
any increase in its holdings of Shares as a result of the Buyback and will not
therefore be required to make an offer under Rule 9 as a result of any increase
in its holding caused by such a Buyback.
For further information, please contact
+------------------------------+------------------------------+
| Juridica Capital Management | +1 (866) 443 1080 |
| Limited | |
| Richard W. Fields | |
| | |
+------------------------------+------------------------------+
| Cenkos Securities (NOMAD) | +44 (0) 20 7397 8900 |
| Nicolas Wells | |
| Camilla Hume | |
| | |
+------------------------------+------------------------------+
| Pelham Bell Pottinger | +44 (0) 20 7861 3232 |
| David Rydell | |
| Olly Scott | |
+------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
POSEAKEKASXEFFF
Juridica (LSE:JIL)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Juridica (LSE:JIL)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024
Juridica (런던증권거래소)의 실시간 뉴스: 최근 기사 0
More Juridica News Articles