Business
Transaction in Own Shares
Transaction in Own Shares.
About this update from Fresnillo Plc
[{"type":"text","content":"\n RNS Number : 9353K Fresnillo PLC 31 December 2008 \n \n\n\n\n\n\n Fresnillo Plc\n28 Grosvenor Street\nLondon W1K 4QR\nUnited Kingdom\nwww.fresnilloplc.com\n\n31 December 2008\n\n\nFresnillo plc \n('Fresnillo' or the 'Company')\nTransaction in own shares\n\n\nFresnillo plc (the 'Company') the world's largest primary silver producer and Mexico's second largest gold producer, announces that it has commenced a non-discretionary programme to purchase ordinary shares on its behalf during its close period (the 'Non-Discretionary Programme') which commences on 2 January 2009 and is scheduled to end no later than 23 February 2009. The purchased shares will be held as treasury shares.\n\nThe Non-Discretionary Programme will be managed by JPMorgan Cazenove Limited, an independent third party, which makes its trading decisions independently of, and uninfluenced by, the Company.\n\nAny acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which require that the maximum price paid be limited to no more than the higher of (i) 5 per cent above the average market value for the shares as derived from the London Stock Exchange Daily Official List for the five business days immediately prior to such purchase and (ii) the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange at the time the purchase is carried out. \n\nThe Company confirms that it currently has no unpublished price sensitive information.\n\nFor further information about Fresnillo plc please visit www.fresnilloplc.com or con...