10911
RNS Number : 7911F
Trinity Mirror PLC
01 August 2016
 

1 August 2016

 

Trinity Mirror plc Share Repurchase Programme

 

This announcement contains inside information. 

 

Trinity Mirror plc ("Trinity Mirror") today announces that it will commence a share repurchase programme of Trinity Mirror ordinary shares of 10 pence each (the "Ordinary Shares") up to a maximum consideration of £10 million (the "Programme").

 

Any purchase of Ordinary Shares done in relation to this announcement will be carried out on the London Stock Exchange and executed in accordance with, and subject to limits prescribed by, the Listing Rules and Trinity Mirror's general authority to make market purchases of up to 28,345,957 Ordinary Shares. This authority expires at the end of the next Annual General Meeting of the Company in 2017 or, if earlier, at the close of business on 27 June 2017.  No purchases will be made during Company closed periods.  Daily volume restrictions and other trading restrictions will apply in accordance with Articles 3 and 4 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. Trinity Mirror will announce any market repurchase of Ordinary Shares no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred. Trinity Mirror intends to hold Ordinary Shares purchased under the Programme in treasury.

 

The purpose of the share repurchase programme is to reduce Trinity Mirror's share capital and will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The shares purchased by the Company will be held in treasury pending cancellation or re-issue.

 

Numis Securities Limited ("Numis") and Barclays Bank PLC, acting through its investment bank ("Barclays"), are the Company's brokers in relation to the Programme.

 

The person who arranged for the release of this announcement on behalf of Trinity Mirror was Vijay Vaghela, Group Finance Director and Company Secretary.

 

Enquiries

Trinity Mirror

 

Simon Fox, Chief Executive

Vijay Vaghela, Group Finance Director and Company Secretary

020 7293 3553

 

Brunswick

 

Mike Smith, Partner

020 7404 5959

Will Medvei, Director

 

     

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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