London-Based Company Purchases Own Shares in Market

Strategic Insights -

London's Frostrow Capital LLP has announced on August 14 that the company has acquired a market total of 3,500,000 Ordinary shares of 2.5p each in the capital of the Company at a price of 315.98 pence per share. This purchase is part of the company's authorized market purchase program, which allows the company to buy back up to 69,602,221 shares of its own stock. The repurchased shares will be held in the company's treasury.

Key Takeaways:

  • The company has purchased a total of 3,500,000 Ordinary shares of 2.5p each in the capital of the Company at a price of 315.98 pence per share, within the authorized limit of 69,602,221 shares.
  • The total number of Ordinary shares held by the Company in treasury is now 166,097,978 after the repurchase.
  • The total number of Ordinary shares that the Company has in issue is 601,665,200, making the total number of voting rights in the Company following the repurchase 435,567,222.
  • Shareholders may use the figure of 435,567,222 as the denominator for the calculation of their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
  • The repurchased shares will be held in the company's treasury.

Statistics:

  • 3,500,000 Ordinary shares of 2.5p each in the capital of the Company were repurchased at a price of 315.98 pence per share on August 14.
  • The total number of shares held in treasury is 166,097,978.
  • The total number of shares in issue is 601,665,200.
  • The total number of voting rights in the Company post-repurchase is 435,567,222.

Sources:

  • Frostrow Capital LLP (Company Secretary) - [Mark Pope]