TIDMD4T4

RNS Number : 3714G

D4T4 Solutions PLC

17 March 2020

D4t4 Solutions Plc

(the "Group" or "D4t4")

'ALL ABOUT THE DATA'

'SOLUTIONS FOR COMPLEX DATA PROBLEMS'

Share Buy-back Programme

D4t4 Solutions Plc (AIM: D4T4) announces that it will, with immediate effect, commence a GBP500,000 share buy-back programme in relation to ordinary shares of 2p each in the capital of the Company ("Ordinary Shares").

The Company has today irrevocably instructed finnCap Ltd ("finnCap") to manage the Buy-back on its behalf during the period commencing today and ending on 25 May 2020, or when the maximum purchase of Ordinary Shares level has been reached, if earlier. finnCap will retain full discretion in relation to any decisions to purchase Ordinary Shares.

Any Buy-backs will be effected in accordance with the terms of the Company's general authority to make market purchases of its own Ordinary Shares granted to it by shareholders on 22 August 2019 (the "Authority"), including that the maximum price paid per Ordinary Share is to be no more than 105 per cent. of the average middle market closing price of an Ordinary Share for the five business days preceding the date of any Buy-back.

The Company intends to hold all Ordinary Shares so purchased in treasury for the purpose of satisfying future obligations in relation to its employees' or other share schemes.

Due to the limited liquidity in the issued Ordinary Shares, a buy-back of Ordinary Shares pursuant to the Authority on any given trading day is likely to represent a significant proportion of the daily trading volume in the Ordinary Shares on AIM and is likely to exceed 25 per cent. of the average daily trading volume and, accordingly, the Company will not benefit from the exemption contained in Article 5(1) of Regulation (EU) No. 596/2014.

The Company will make further announcements in due course following any share repurchases.

 
 The information communicated in this announcement contains 
  inside information for the purposes of Article 7 of the Market 
  Abuse Regulation (EU) No. 596/2014. 
 
  ENQUIRIES 
  For further information please contact: 
   D4t4 Solutions Plc 
    Peter Kear, Chief Executive Officer 
    Charles Irvine, Chief Financial Officer 
    Tel: +44 (0) 1932 893333 
    email: moreinfo@d4t4solutions.com 
   finnCap 
    (Nominated adviser & broker) 
    Julian Blunt/Hannah Boros - Corporate Finance 
    Alice Lane - ECM 
    Tel: +44 (0) 20 7220 0500 
   Instinctif Partners 
    Adrian Duffield/ Kay Larsen/ Chantal Woolcock 
    Tel: +44 (0) 20 7457 2020 
  About D4t4 Solutions Plc 
    AIM: D4T4 
 
    D4t4 Solutions Plc is " ALL ABOUT THE DATA. " 
    We are energetically focused on solutions that enable clients who 
    operate from within the financial services and consumer sectors to 
    get the most from their data. From collection, through to management 
    and analysis, we provide comprehensive products and services that 
    drive value from our clients' information assets. We are accredited 
    in ISO27001: Information Security Management and we are PCI Data Security 
    Compliant. 
 
    To find out more, visit www.d4t4solutions.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

POSSFFEEMESSEED

(END) Dow Jones Newswires

March 17, 2020 03:00 ET (07:00 GMT)

Celebrus Technologies (LSE:CLBS)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Celebrus Technologies Charts.
Celebrus Technologies (LSE:CLBS)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Celebrus Technologies Charts.