Anpario PLC Share Buyback Programme (1190C)
05 Febbraio 2020 - 6:14PM
UK Regulatory
TIDMANP
RNS Number : 1190C
Anpario PLC
05 February 2020
5 February 2020
ANPARIO PLC
("Anpario" or the "Company")
Share Buyback Programme
Anpario, the international producer of natural feed additives
for animal health, hygiene and nutrition, announces that it has
approved a share buyback programme (the "Buyback Programme") under
which it intends to buy back ordinary shares of 23p each ("Ordinary
Shares") using existing cash resources up to GBP1.0 million (the
"Maximum Amount").
The Company has entered into an agreement with its broker Peel
Hunt LLP ("Peel Hunt") to carry out market purchases of its
Ordinary Shares on its behalf under the Buyback Programme. This
agreement provides Peel Hunt with authority to carry out market
purchases under the Buyback Programme independently of the
Company.
Share repurchases under the Buyback Programme will be carried
out on the London Stock Exchange and will be effected within
certain pre-set parameters and in accordance with the requirements
of the Market Abuse Regulation 596/2014 ("MAR") and the general
authority granted by shareholders at the Company's most recent
annual general meeting held on 27 June 2019 (the "Existing Buyback
Authority"). Purchases of Ordinary Shares pursuant to the Buyback
Programme will be subject to the Maximum Amount and will fall
within the maximum aggregate number of 2,318,017 ordinary shares
that the Company was authorised to purchase under the Existing
Buyback Authority.
The maximum number of Ordinary Shares to be repurchased under
the Buyback Programme on any trading day shall not exceed 100,000.
This amount may exceed the limitations set out in Article 3(3) of
the MAR buyback technical standards (Commission Delegated
Regulation (EU) 2016/1052).
In accordance with the Existing Buyback Authority, the maximum
price (excluding expenses) which may be paid for an Ordinary Share
pursuant to the Buyback Programme is not more than the higher of:
(i) an amount equal to 105% of the average of the middle market
quotations for an Ordinary Share as derived from the AIM appendix
to the London Stock Exchange Daily Official List for the five
business days before the purchase is made; and (ii) an amount equal
to the higher of the price of the last independent trade of an
Ordinary Share and the highest current independent bid for an
Ordinary Share on the trading venue where the purchase is carried
out.
Any Ordinary Shares acquired as a result of the Buyback
Programme will be held in treasury.
The Buyback Programme will commence tomorrow and will end at
close of business on 4 May 2020 or, if earlier, when the Maximum
Amount of Ordinary Shares has been repurchased. Anpario will make
further announcements in due course following completion of any
acquisitions under the Buyback Programme.
The Company confirms that it currently has no unpublished price
sensitive information other than as set out in this announcement.
The information communicated in this announcement contains inside
information for the purposes of Article 7 of MAR.
Enquiries:
Anpario plc
Richard Edwards, Chief Executive Officer +44 (0) 777 6417 129
Karen Prior, Finance Director +44 (0) 1909 537380
Peel Hunt LLP +44 (0) 20 7418 8900
Adrian Trimmings
Andrew Clark
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END
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