Business
Sale of Treasury Shares
Sale of Treasury Shares.
About this update from Telecom Plus Plc
[{"type":"text","content":"\n RNS Number : 9540M Telecom Plus PLC 09 February 2009 \n \nTelecom plus PLC (the 'Company')\n\nSale of Treasury Shares\n\n\n\nTelecom plus PLC announces pursuant to Rule 12.6.4 of the Listing Rules, that on 6 February 2009, it sold 1,500,000 ordinary shares held in treasury at a price of 315 pence per share in response to institutional investor interest in the Company's shares.\n\nFollowing the sale, the total number of ordinary shares held as treasury shares is 856,721.\n\nThe total number of ordinary shares of 5p of Telecom plus PLC in issue as at the date of this notice is 69,031,863 with each share carrying the right to one vote.\n\nThe total number of voting rights in Telecom plus PLC is now 68,175,142. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Telecom plus PLC, under the Disclosure and Transparency Rules.\n\nCharles Wigoder, Chief Executive of Telecom plus, commented: \n\n'I welcome the current strong institutional interest in the Company's shares which should lead to greater liquidity in the Company's shares in future, as well as providing additional working capital to support the record levels of organic growth recently reported. It should be noted that the average price at which we bought ordinary shares into treasury was approximately 182 pence per share'. \n\n\n\nFor further information, please contact:\n\n\nTelecom plus PLC\n\nCharles Wigoder\nRichard Hateley\nTel: (020) 8955 5000\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEASAKEAKNEFE \n ","length":5076,"tagName":"div"}]