TIDMD4T4

RNS Number : 5573T

D4T4 Solutions PLC

26 March 2021

D4t4 Solutions Plc

Share Buyback Programme

D4t4 Solutions Plc (AIM: D4T4), the AIM-listed data solutions provider, announces that the Board of Directors have approved a share buyback programme of ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") for an aggregate value of up to GBP200,000 (the "Buyback Programme").

The Company has entered into non-discretionary instructions with finnCap to conduct the Buyback Programme on its behalf and to make trading decisions under the Buyback Programme independently of the Company. The Buyback Programme commences from today and ends no later than upon the announcement of the Company's results for the financial year ending 31 March 2021, or when the maximum purchase of Ordinary Shares level has been reached, if earlier.

The Buyback Programme is in accordance with the terms of the Company's authority to make market purchases of its own Ordinary Shares granted to it by shareholders on 6 August 2020 (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 has instructed finnCap that the maximum price at which any Ordinary Share may be bought back at must be the lower of either (i) 285 pence or (ii) as stipulated by the pricing restrictions set out within its Authority.

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.

Enquiries

 
  D4t4 Solutions Plc                                                 +44 (0) 1932 893333 
   Peter Kear, Chief Executive Officer                                moreinfo@d4t4solutions.com 
  finnCap (Nominated Adviser & Joint Broker) 
   Julian Blunt / Emily Watts / Edward Whiley, Corporate Finance 
   Alice Lane, ECM                                                   +44 (0) 20 7220 0500 
  Canaccord Genuity (Joint Broker) 
   Simon Bridges / Andrew Potts                                      +44 (0) 20 7523 8000 
  Instinctif Partners                                                +44 (0) 20 7457 2020 
   Kay Larsen / Rozi Morris / Hannah Campbell                         D4t4Solutions@instinctif.com

About D4t4 Solutions plc

D4t4 Solutions plc (www.d4t4solutions.com) provides data solutions through its Celebrus suite of products and services, which is comprised of two distinct complementary offerings - its proprietary Customer Data Platform (CDP) and Customer Data Management (CDM) solution. The Celebrus family of products offer data capture, data migration, data synchronization, data management and data monitoring.

Celebrus CDP is an enterprise software product which captures customer behaviour in real time across digital channels to enable a range of applications including customer analytics, personalised marketing, risk, fraud detection and compliance.

Celebrus CDM is an integrated platform that automates the ingestion, integration, transformation, and delivery of customer data from streaming, persisted or historical sources, whether as an appliance on-premises or in the cloud, to deliver real-time, unified, and trusted multidimensional views of customer data for personalisation, risk, fraud, analytics, and recommendation applications.

The Group has offices in the UK, USA and India with employees across the UK, US, Europe and India. D4t4's blue chip global customers are largely within the financial services, retail and consumer sectors.

Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POSUVABRABUOUAR

(END) Dow Jones Newswires

March 26, 2021 03:00 ET (07:00 GMT)

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