Business
Transaction in Own Shares, Di
Transaction in Own Shares, Di.
About this update from Character Group Plc
[{"type":"text","content":"\n RNS Number : 3919N Character Group PLC 10 June 2010 \n \n\nDate: Thursday, 10 June 2010\n \nThe Character Group plc\n('Company' or 'Group')\ndesigners, developers and international distributors of toys, games and gifts\n \nTransaction in Own Shares\nDirectors' Shareholdings\nExercise of Share Options\n \nFurther to the announcement released on 9 June 2010 regarding the Group's buy back programme , the Company advises that it has yesterday purchased for cancellation a further 2,102,503 ordinary shares of the Company in the market, through Charles Stanley Securities, at a price of 150 pence per share with an aggregate cost of approximately £3,153,755 (excluding dealing costs and stamp duty). This represents approximately 7.35% per cent. of the current issued share capital of the Company.\n \nSince 4 May 2010 the Company has purchased for cancellation a total of 3,404,990 ordinary shares in the market, following which the Company has an unutilized authority to buy back up to a further 393,683 ordinary shares in the Company. \n \nFor the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares in issue as at the date of this notice (taking into account the ordinary shares purchased for cancellation by the Company announced above) is 26,653,414 (\"Revised Issued Voting Share Capital\").\n \nThe 2,102,503 ordinary shares bought back yesterday include a total of 1,630,000 ordinary shares (the \"Directors' Shares\") which have been purchased, with the agreement of the Independent Directors, from Richard King, Joe Kissane and Jonathan Diver, Executive Directors of the Company, or their related parties, through the market at a price of 150 pence per share. The Directors' Shares represent approximately 5.70 per cent. of the current issued share capital of the Company. The table below details the exact number of shares each Director or (as appropriate) his related party has sold and the resulting beneficial holdings of all of the Directors following these transactions.\n \nThe Company also announces that it yesterday issued and allotted (credited as fully paid) 138,250 new ordinary shares following the exercise yesterday by Group employees of options granted under Group share option schemes. These ...