Sarossa PLC Buy-back of shares (0025U)
July 24 2015 - 2:39AM
UK Regulatory
TIDMSARS
RNS Number : 0025U
Sarossa PLC
24 July 2015
Sarossa plc
("Sarossa" or the "Company")
Buy-back of shares
Sarossa, the Jersey based investment company involved in the
growth and development of businesses, announces that, yesterday, 23
July 2015, it completed the buy-back of a further 2,826,470
ordinary shares of 1p each in the Company ("Ordinary Shares") at a
price of 1.72 pence per share.
The Ordinary Shares purchased by the Company are to be cancelled
so that the Company's capital will consist of 543,456,309 Ordinary
Shares which is the same as the total number of voting rights in
the Company, all of which are identical. This figure 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 the Company under the FCA's
Disclosure and Transparency Rules.
Following the above buy-back of Ordinary Shares, the directors'
percentage holdings in the Company, are now as follows:
Director Number of Ordinary Shares Percentage
------------------- ------------------------- ----------
Michael Bretherton 9,744,140 1.79%
------------------- ------------------------- ----------
The above buy-back brings the aggregate purchases by the Company
of its own shares to date to a total of 95,904,055 Ordinary Shares,
which fully utilises the buy-back authority approved by
shareholders at the Company's General Meeting on 13 May 2015.
Sarossa Plc
Mike Bretherton, Chairman 01534 719760
WH Ireland Limited (Nominated adviser)
Chris Fielding, Head of Corporate Finance 0207 220 1650
This information is provided by RNS
The company news service from the London Stock Exchange
END
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