Transaction in Own Shares (4688Z)
16 Marzo 2012 - 8:00AM
UK Regulatory
TIDMSTOB
RNS Number : 4688Z
Stobart Group Limited
16 March 2012
16 March 2012
Stobart Group Limited ("Stobart" or "Company")
Transaction in own shares
Stobart Group Limited announces that on 15 March 2012 it
purchased 750,000 of its 10p ordinary shares at an average price of
138.997 pence per ordinary share. The highest and lowest prices
paid for these shares were 139.0 pence per share and 138.8 pence
per share respectively. The purchased shares will all be held as
treasury shares.
Following the above purchase, the total number of ordinary
shares in issue (excluding shares held in treasury) is 349,000,357.
The Company holds 4,960,515 ordinary shares as Treasury Shares.
The total number of voting rights in Stobart, excluding treasury
shares, as at 15 March 2012 is 349,000,357. This figure may be used
by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, Stobart under the FSA's
Disclosure and Transparency Rules.
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.
Enquiries:
020 7929
Mark Longson 5599
Square1 Consulting
020 7287
James Andrew 9610
i-nfluence
This information is provided by RNS
The company news service from the London Stock Exchange
END
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