Business
Share Buy-backs
Share Buy-backs.
About this update from Celebrus Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 8524Y D4T4 Solutions PLC 11 December 2017 \n\n \n \nD4t4 Solutions Plc\n(the \"Company\", \"Group\" or \"D4t4\")\n'ALL ABOUT THE DATA'\n \nShare buy-backs\nD4t4 Solutions Plc (AIM: D4T4) announces that it will, with immediate effect, commence an up to £200,000 share buy-back of ordinary shares of 2 pence in the capital of the Company (\"Ordinary Shares\") as and when they become available at volumes and prices that, from time to time, the Board of D4t4 considers appropriate (the \"Buy-back\"). \nThe timing and the actual number of Ordinary Shares repurchased under the Buy-back will be dependent on market conditions, legal and regulatory requirements. \nAny Buy-backs will be effected in accordance with the terms of its general authority to make market purchases of its own Ordinary Shares granted to it by shareholders of the Company on 27 July 2017 (\"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.\nTo the extent permitted by law, 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 eligible under the safe harbour for buy-backs provided under Article 5 of the Market Abuse Regulation.\nDue to the limited liquidity in the issued Ordinary Shares, a buy-back of Ordinary Shares pursuant to the Authority on any 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, being the limit laid down in Article 5(1) of Regulation (EU) No 596/2014 and, accordingly, the Company will not benefit from the exemption contained in this Article.\nThe Company will make further announcements in due course following any share repurchases.\n\n\n\n\nENQUIRIES\n \n\n\n \n\n\n\n\n\n\n\n\nD4t4 Solutions Plc\nPeter Kear, Chief Executive Officer \nCarmel Warren, Chief Financial Officer\nTel: +44 (0) 1932 893333 \nemail: [email protected] \n \n\n\n\n\nfinnCap (Nominated Adviser & Broker)\nEd Frisby/Emily Watts - Corporate Finance \nStephen Norcross/Sultan Awan - ...