Cenkos Securities PLC EBT Share Purchase Plan (0939W)
April 21 2021 - 1:00AM
UK Regulatory
TIDMCNKS
RNS Number : 0939W
Cenkos Securities PLC
21 April 2021
21 April 2021
Cenkos Securities plc
("Cenkos" or the "Company")
EBT Share Purchase Plan
Zedra Trust Company (Guernsey) Limited ("Zedra" or the
"Trustee") administers the Cenkos Securities EBT (the "EBT") and as
previously announced currently has a trading plan (the "EBT Share
Purchase Plan") in place with the Company. To meet the future
demands in servicing the Company's share schemes, the limit on
monthly purchases being made under the EBT Share Purchase Plan will
be GBP300,000 (previously GBP200,000). All previous terms and
conditions remain the same as previously announced on 4 January
2021 and as detailed below.
Under the EBT Share Purchase Plan, the Trustee has instructed
its 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 GBP300,000 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. The EBT Share Purchase
Plan will, unless terminated by the Trustee at an earlier date,
expire on 31 December 2021.
Zedra, as Trustee of the EBT, 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. Zedra currently holds 833,592 unallocated
shares (1.47%).
For further information, please contract:
Cenkos Securities plc
Jim Durkin, Chief Executive Officer Tel: 0207 397 8900
SPARK Advisory Partners Limited
Matt Davis, Nominated Adviser Tel: 0203 368 3552
The Nisse Consultancy - Public relations
Jason Nisse Tel: 07769 688618
Andrew Garfield Tel: 07974 982337
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