Croma Security Solutions Group PLC Purchase of Own Shares (5161V)
2017年11月3日 - 6:53PM
RNSを含む英国規制内ニュース (英語)
TIDMCSSG
RNS Number : 5161V
Croma Security Solutions Group PLC
03 November 2017
3 November 2017
CROMA SECURITY SOLUTIONS GROUP PLC
(AIM: CSSG)
Purchase of Own Shares
Croma Security Solutions Group plc ("Croma" or "the Group"), the
AIM listed total security provider, announces that it has today
entered into a conditional contract to acquire 2,027,027 of its
ordinary shares of 5 pence each ("Ordinary Shares") from its former
director, Mark Whettingsteel. Under the terms of the conditional
contract (the "Contract") the Company will acquire the shares in
two tranches.
Tranche 1 - the Company will, within three business days of the
Contract becoming unconditional, acquire 1,013,513 Ordinary Shares
at a price of 35 pence per share, a discount of 18.6 per cent. to
the closing middle market price on 2 November 2017, being the date
immediately prior to the date of the Contract. The consideration
for the tranche 1 shares of GBP354,729.55 will be payable in cash
on completion of their acquisition by the Company.
Tranche 2 - the Company will, on 31 May 2018 or earlier at the
Company's option, acquire the balance of 1,013,514 Ordinary Shares
at a price of 40 pence per share, a discount of 7 per cent. to the
closing middle market price on 2 November 2017 being the date
immediately prior to the date of the Contract. The consideration
for the tranche 2 shares of GBP405,405.60 will be payable in cash
on completion of their acquisition by the Company.
The purchase of each of tranche 1 and tranche 2 by the Company
is subject to it having sufficient distributable profits available
at the time of each such purchase.
Once acquired the shares in both tranches 1 and 2 are expected
to be cancelled.
The Contract is conditional on shareholders approving a special
resolution to grant the Company the authority necessary to purchase
the 2,027,027 Ordinary Shares which are the subject of the
Contract. Shareholders' approval will be sought at the Company's
AGM to be held on 1 December 2017.
As Mark Whettingsteel was a director of the Company within the
last 12 months, the Contract constitutes a related party
transaction under the AIM Rule 13. The directors of the Company,
consider, having consulted with WH Ireland Limited, the Company's
nominated adviser, that the terms of the Contract are fair and
reasonable insofar as the Company's shareholders are concerned.
Enquiries:
Croma Security Solutions www.cssgplc.com
Group plc
Sebastian Morley, Chairman +44 (0) 7768 006909
WH Ireland Limited www.whirelandplc.com
Mike Coe / Jessica Cave +44 (0) 117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
POSUOVKRBRAARRA
(END) Dow Jones Newswires
November 03, 2017 05:53 ET (09:53 GMT)
Croma Security Solutions (LSE:CSSG)
過去 株価チャート
から 6 2024 まで 7 2024
Croma Security Solutions (LSE:CSSG)
過去 株価チャート
から 7 2023 まで 7 2024