WH Smith PLC Transaction in Own Shares (4131T)
October 12 2017 - 1:34AM
UK Regulatory
TIDMSMWH
RNS Number : 4131T
WH Smith PLC
12 October 2017
RIS Announcement
WH SMITH PLC PURCHASES OF SHARES DURING OPEN PERIODS
WH Smith PLC (the "Company") announces that it has entered into
an arrangement with J.P. Morgan Securities plc, acting through its
UK investment bank ("J.P. Morgan Cazenove"). The arrangement allows
J.P. Morgan Cazenove to purchase, together with any other ordinary
shares in the Company (the "Shares") purchased on the Company's
behalf pursuant to its buyback programme, a maximum of 11,293,415
of its ordinary shares up to GBP10 million during the open period
of the Company arising between the date hereof and 8 December 2017.
These share purchases will be made on the Company's behalf and in
accordance with the arrangement.
Any share purchases effected pursuant to the arrangement will be
subject to the terms of the arrangement with J.P. Morgan Cazenove
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
aggregate purchase price under this arrangement will not exceed
GBP10 million. The sole purpose of these share purchases is to
reduce the Company's share capital.
This information is provided by RNS
The company news service from the London Stock Exchange
END
POSFMMMGVZFGNZG
(END) Dow Jones Newswires
October 12, 2017 02:34 ET (06:34 GMT)
Wh Smith (LSE:SMWH)
Historical Stock Chart
From Apr 2024 to May 2024
Wh Smith (LSE:SMWH)
Historical Stock Chart
From May 2023 to May 2024