Business
Transaction in Own Shares - c
Transaction in Own Shares - c.
About this update from Tandem Group Plc
[{"type":"text","content":"\n RNS Number : 9964V Tandem Group PLC 04 June 2008 \n \n\nTandem Group plc\n(the 'Company')\n\nTransaction in own shares - correction\n\nOn 22 February 2008 the Company announced that it had purchased 1,600,000 ordinary shares of 4p each in the Company at a price of 15 pence per share and transferred them into treasury. The purchase took place at a time when the Company did not have sufficient distributable profits and as a result the transaction is void. The transaction is being corrected and the Company plans to seek cancellation of the share premium account to enable future share buy backs and will update shareholders in due course.\n\n\nFor further information contact:\n\nKBC Peel Hunt Ltd 020 7418 8900\nDavid Anderson\nDeon Veltdman\n\nTandem Group plc 01733 211399\nJim Shears, Company Secretary\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END POSFKQKPQBKDCAK \n ","length":3135,"tagName":"div"}]