Business
Statement re: Share Buy-back Agreement
Statement re: Share Buy-back Agreement.
About this update from Chesnara Plc
[{"type":"text","content":"\n \nChesnara plc\n\n17 October 2008\n\nShare Buy-back Agreement\n\nChesnara plc (\"Chesnara\" or \"the Company\") announces that it has entered into\nirrevocable and non-discretionary arrangements with Panmure Gordon to\nrepurchase on its behalf and within certain pre-set parameters, ordinary shares\nin the Company during the period commencing 20 October 2008 and ending on 18\nNovember 2008. This arrangement is in accordance with the Company's general\nauthority to repurchase shares.\n\nTo date, Chesnara has invested circa £1.3 million in purchasing 1,164,274 of\nits shares at an average share price of 112.0. The Board has taken the decision\nto conduct these purchases of the Company's own shares as a result of the low\nlevel of the Company's share price.\n\nEnquiries\n\nGraham Kettleborough\n\nChief Executive, Chesnara plc 07799 407 519\n\n\n \n ","length":1018,"tagName":"div"}]