Business
Share Buy-Back Programme
Share Buy-Back Programme.
About this update from Diales Group Plc
[{"type":"text","content":"\n \nRNS Number : 7017J Driver Group plc 21 August 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION WITHIN THE MEANING OF THE MARKET ABUSE REGULATION (EU) (NO 596/2014) WHICH FOLLOWING THE RELEASE OF THIS ANNOUNCEMENT CEASES TO BE INSIDE INFORMATION.\n \nDriver Group plc\n(\"Driver Group\" or the \"Company\")\nShare Buy-Back Programme\n \nDriver Group plc (AIM:DRV), the leading global professional services consultancy to the construction and engineering industries, providing multi-disciplinary consultancy services including expert witness, claims and dispute resolution services, announces that it intends to extend the current share buy-back programme under which the initial limit on share purchases of £500,000 (before expenses) was reached on 16 August 2019. Under the programme as extended, the Company may conduct on-market purchases in an amount of up to a further £500,000 (before expenses) to repurchase up to 1,250,000 ordinary shares of 0.4 pence each in the capital of the Company (\"Ordinary Shares\"), pursuant to the authority obtained at the Company's most recent annual general meeting held on 27 February 2019 (\"the Buy-Back\"). The Buy-Back will be funded from the Company's existing cash resources and any Ordinary Shares repurchased will be held in Treasury and will be available, inter alia, to satisfy the exercise of vested share options under the Company's share incentive plans. Repurchases under the programme as extended may be made up to and including 31 October 2019 (or, if earlier, no later than 30 days prior to the announcement of the final results for the year ending 30 September 2019). \n \nThe Company will repurchase up to a maximum of 1,250,000 Ordinary Shares, representing up to approximately 2.32 per cent. of the Company's issued share capital in accordance with the authority received on 27 February which provides that any and all buybacks will be made at a price per Ordinary Share of the higher of; not more than 5 per cent. above the average middle market quotations for...