Cenkos Securities PLC EBT Share Purchase Plan (0290G)
May 23 2017 - 11:48AM
UK Regulatory
TIDMCNKS
RNS Number : 0290G
Cenkos Securities PLC
23 May 2017
23 May 2017
Cenkos Securities plc
("Cenkos" or the "Company")
EBT Share Purchase Plan
The Company announces that Zedra Trust Company (Guernsey)
Limited ("Zedra" or the "Trustee"), which administers the Cenkos
Securities plc Employee Benefit Trust (the "EBT"), has entered into
a trading plan (the "EBT Share Purchase Plan") with the Company.
The EBT Share Purchase Plan will, unless terminated by the Trustee
at an earlier date, expire on 31 May 2018.
The EBT Share Purchase Plan renews, on the same terms, a prior
EBT share purchase plan which expired on 30 April 2017.
Under the EBT Share Purchase Plan the Trustee will instruct the
Company, as broker, to acquire ordinary shares of 1p each in the
Company ("Ordinary Shares") for the EBT. Purchases under the EBT
Share Purchase Plan will be limited to GBP50,000 of Ordinary Shares
(by market value) per calendar month and the maximum price paid for
such Ordinary Shares shall be an amount equal to the higher of: (i)
5% above the average of the middle market quotations for such
Ordinary Shares for the preceding five business days immediately
preceding the day on which the purchase is made; (ii) the price of
the last independent trade of Ordinary Shares on the venue where
the purchase is carried out; and (iii) the highest current
independent bid for an Ordinary Share as derived from the trading
venue where the purchase is carried out.
Zedra, as Trustee of the EBT, can hold up to 10% of the
Company's issued ordinary share capital and has absolute discretion
and independence in respect of all trading decisions it may make in
respect of the purchase of Ordinary Shares pursuant to the EBT
Share Purchase Plan.
Enquiries:
Jim Durkin +44 20 7397 8900
Chief Executive Officer
Cenkos Securities plc
Dr Azhic Basirov / David Jones / Ben Jeynes +44 20 7131 4000
Nominated Adviser
Smith & Williamson Corporate Finance Limited
David Rydell / Duncan Mayall +44 20 3772 2496
Bell Pottinger
This information is provided by RNS
The company news service from the London Stock Exchange
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