WH Smith PLC PURCHASES OF SHARES DURING OPEN PERIODS (0154X)
February 15 2017 - 12:05PM
UK Regulatory
TIDMSMWH
RNS Number : 0154X
WH Smith PLC
15 February 2017
WH SMITH PLC - PURCHASES OF SHARES DURING OPEN PERIODS
WH Smith PLC (the "Company") refers to the RNS announcement
issued by it on 25 January 2017 in connection with the arrangement
with Barclays Bank PLC, acting through its investment bank
("Barclays") allowing Barclays to purchase up to 11,190,243
ordinary shares in the Company during the open period of the
Company arising between the date thereof and 28 February 2017.
These share purchases will be made on the Company's behalf and in
accordance with the arrangement.
Share purchases effected pursuant to the arrangement are subject
to the terms of the arrangement with Barclays and in any case will
be effected in a manner consistent with both the general authority
vested in the Company to repurchase shares and Chapter 12 of the
United Kingdom Listing Rules, which require that the maximum price
paid be limited to be no more than the higher of (i) 105 per cent
of the average middle market closing price of the Company's
ordinary shares for the five business days before the purchase is
made, and (ii) the higher of the price of the last independent
trade and the highest current independent bid on the trading venue
where the purchase is carried out. The Company hereby announces
that the aggregate purchase price under this arrangement will be
increased from a total amount of GBP4.5 million to GBP8.5
million.
The sole purpose of these share purchases is to reduce the
Company's share capital.
Further information on the Company can be found on our Internet
site: www.whsmithplc.co.uk
Enquiries:-
WH Smith PLC
Mark Boyle
Investor Relations
020 7406 6320
This information is provided by RNS
The company news service from the London Stock Exchange
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