Driver Group plc Share Buy-Back Programme (0988B)
2019年6月4日 - 8:00PM
RNSを含む英国規制内ニュース (英語)
TIDMDRV
RNS Number : 0988B
Driver Group plc
04 June 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE
REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME
WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION WITHIN THE MEANING
OF THE MARKET ABUSE REGULATION (EU) (NO 596/2014) WHICH FOLLOWING
THE RELEASE OF THIS ANNOUNCEMENT CEASES TO BE INSIDE
INFORMATION.
Driver Group plc
("Driver Group" or the "Company")
Share Buy-Back Programme
Driver Group plc (AIM:DRV), the leading global professional
services consultancy to the construction and engineering
industries, providing multi-disciplinary consultancy services
including expert witness, claims and dispute resolution services,
announces that it intends to conduct on-market purchases under a
share buy-back programme in an amount of up to GBP500,000 (before
expenses) to repurchase up to 1,250,000 ordinary shares of 0.4
pence each in the capital of the Company ("Ordinary Shares"),
pursuant to the authority obtained at the Company's most recent
annual general meeting held on 27 February 2019 ("the Buy-Back").
The Buy-Back will be funded from the Company's existing cash
resources and any Ordinary Shares repurchased will be held in
Treasury and will be available, inter alia, to satisfy the exercise
of vested share options under the Company's share incentive plans.
Repurchases under the current programme may be made up to and
including 31 August 2019.
The Company will repurchase up to a maximum of 1,250,000
Ordinary Shares, representing up to approximately 2.32 per cent. of
the Company's issued share capital in accordance with the authority
received on 27 February which provides that any and all buybacks
will be made at a price per Ordinary Share of the higher of; not
more than 5 per cent. above the average middle market quotations
for an Ordinary Share (as derived from the London Stock Exchange
Daily Official List) for the five business days immediately
preceding the date of repurchase and the higher of the last
independent trade and the highest current independent bid.
Shareholders should also be aware that, due to the generally low
average daily trading volume, a repurchase of Ordinary Shares
pursuant to the Buy-Back on any trading day may represent a
significant proportion of the daily trading volume in the Ordinary
Shares on the AIM market of the London Stock Exchange plc, and
could exceed the 25 per cent. limit of the average daily trading
volume, as specified in Article 3 of the Commission Delegated
Regulation (EU) 2016/1052 supplementing the Market Abuse Regulation
(EU) 596/2014 ("MAR"), during the month preceding this announcement
or the 20 trading days preceding the date of purchase.
There is no guarantee that the programme will be implemented in
full or that any repurchases will be made.
As at the time of this announcement, the Company has 53,962,868
Ordinary Shares in issue and admitted to trading on AIM. The
Company holds 851,400 Ordinary Shares in treasury. The figure to be
used as the denominator for calculations of interests in the
Company's voting rights, therefore, is 53,111,468 Ordinary
Shares.
This announcement is released by Driver Group plc and contains
inside information for the purposes of Article 7 of MAR,
encompassing information relating to the Buy-Back described herein,
and is disclosed in accordance with the Company's obligations under
Article 17 of MAR.
Enquiries:
Driver Group plc via Acuitas Communications
Gordon Wilkinson, Chief Executive Officer
David Kilgour, Chief Financial Officer
N+1 Singer (Nominated Adviser & Broker) Tel: 020 7496 3000
Sandy Fraser
Jen Boorer
Acuitas Communications (Financial PR) Tel: 020 3687 0868
Simon Nayyar simon.nayyar@acuitascomms.com
Fraser Schurer-Lewis fraser.schurer-lewis@acuitascomms.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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June 04, 2019 07:00 ET (11:00 GMT)
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