Character Group PLC ANNUAL GENERAL MEETING (4173C)
January 19 2018 - 6:21AM
UK Regulatory
TIDMCCT
RNS Number : 4173C
Character Group PLC
19 January 2018
The information contained within this announcement
is deemed by the Company to constitute inside information
stipulated under the Market Abuse Regulation (EU) No. 596/2014.
Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
LONDON: Friday, 19 January 2018
THE CHARACTER GROUP PLC
(the "Company")
Designers, developers and international distributor of toys,
games and giftware
ANNUAL GENERAL MEETING
At today's (19 January 2018) Annual General Meeting of the
Company (the "AGM"), all Resolutions proposed to shareholders were
duly passed.
Dividend
Following approval by shareholders today at the AGM, a final
dividend 10.0p per share will be paid on 29 January 2018 to Members
on the Register on 12 January 2018.
Share buy-backs
Included in the resolutions passed at the AGM, was an authority
(the "Authority") for the Company to buy-back issued ordinary
shares of 5 pence each in the Company ("Ordinary Shares"). Pursuant
to the Authority, the Company has the capacity to buy-back up to
3,141,900 issued Ordinary Shares. Buy-backs pursuant to the
Authority, will end, unless terminated earlier, at the conclusion
of the AGM in 2019 or (if later) 18 April 2019 and the maximum
amount of money allocated to the share buy-back programme at this
stage is GBP5 million.
The Company remains committed to its previously stated objective
to enhance shareholder value and reserves the right to exercise the
Authority and effect buy-backs if, in the opinion of the directors,
such action would further enhance shareholder value.
Due to the limited liquidity in the issued Ordinary Shares, a
buy-back of Ordinary Shares pursuant to the Authority on any
trading day is likely to represent a significant proportion of the
daily trading volume in the Ordinary Shares on the AIM market of
the London Stock Exchange and is likely to exceed 25 per cent. of
the average daily trading volume, being the limit laid down in
Article 5(1) of Regulation (EU) No 596/2014 and, accordingly, the
Company will not benefit from the exemption contained in this
Article.
The Company will announce any market purchase of Ordinary Shares
pursuant to the Authority without delay.
ENQUIRIES:
The Character Group plc
Kiran Shah, Joint Managing Director & Group Finance
Director
Jon Diver, Joint Managing Director
Office: +44 (0) 208 329 3377
Mobile: +44 (0) 7956 278522 (KS)
Mobile: +44 (0) 7831 802219 (JD)
Email: info@charactergroup.plc.uk
FTSE sector: leisure:
FTSE AIM All-share: symbol: CCT.L
Market cap: GBP94m
Panmure Gordon (Nominated Adviser and Joint Broker)
Andrew Godber, Investment Banking
Tom Salvesen, Corporate Broking
Tel: +44 (0) 20 7886 2500
Allenby Capital Limited (Joint Broker)
Nick Athanas
Katrina Perez
Tel: +44 (0) 20 3328 5656
TooleyStreet Communications Limited (Investor and media
relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
Email: fiona@tooleystreet.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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