Churchill China PLC Transaction in Own Shares and Total Voting Rights (1286X)
November 21 2017 - 7:12AM
UK Regulatory
TIDMCHH
RNS Number : 1286X
Churchill China PLC
21 November 2017
Churchill China plc
("Churchill China" or the "Company")
Transaction in Own Shares and Total Voting Rights
Churchill China announces that on 21 November 2017 it bought
5,000 ordinary shares of 10 pence each in the Company ('Ordinary
Shares') at a price of 895 pence per Ordinary Share, to be held in
Treasury.
The above share buyback was carried out using the authority
received at the Company's Annual General Meeting held on 18 May
2017 to purchase up to 1,095,517 of its own ordinary shares of 10
pence each ("Ordinary Shares").
The Company may purchase Ordinary Shares subject to the
following parameters:
(i) the maximum aggregate number of Ordinary Shares authorised
to be purchased under the shareholder authority is 1,095,517;
(ii) the minimum price which may be paid for an Ordinary Share,
exclusive of all expenses, is be 10 pence; and
(iii) the maximum price which may be paid for an Ordinary Share,
exclusive of all expenses, is an amount equal to 5% above the
average of the middle market quotations for an Ordinary Share for
the five business days immediately preceding the date on which such
Ordinary Share is purchased.
Total voting rights
Following the above transaction the Company holds 62,849
Ordinary shares in Treasury and its share capital now consists of
11,030,172 Ordinary Shares. Therefore, the total number of voting
rights is 10,967,323.
The figure of 10,967,323 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, Churchill China plc under the FCA's Disclosure and
Transparency Rules
For further information, please contact:
Churchill China plc
Tel: 01782 577566
David Taylor
N+1 Singer
Tel: 0207 496 3000
Richard Lindley / James White
This information is provided by RNS
The company news service from the London Stock Exchange
END
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