Business
Close Period Buyback Programme
Close Period Buyback Programme.
About this update from Vesuvius Plc
[{"type":"text","content":"\n \nRNS Number : 1444I Vesuvius plc 28 June 2013 \n\nClose Period Share Repurchase\n \nVesuvius plc (the \"Company\") confirms that, in order to retain the ability to repurchase shares during its close period, it has entered into an irrevocable and non-discretionary arrangement with its broker, Bank of America Merrill Lynch, to commence on its behalf and within certain pre-set parameters, share repurchases under the Company's existing share repurchase programme which was announced on 3 June 2013. \nThe close period commences on 1 July 2013 and ends on the day prior to the announcement of the Company's results for the six month period to 30 June 2013.\nIt is intended that any shares purchased under this programme will be transferred into treasury. \n \n \nFor further information please contact:\n \nShareholder/analyst enquiries:\nVesuvius plc François Wanecq, Chief Executive +44 (0) 207 822 0000\n Chris O'Shea, Chief Financial Officer +44 (0) 207 822 0000\n \nMedia enquiries:\nMHP Communications John Olsen / Ian Payne +44 (0) 203 128 8100\n \nAbout Vesuvius plc:\n \nVesuvius is a global leader in metal flow engineering, developing, manufacturing and marketing mission-critical ceramic consumable products and systems to demanding applications, primarily in the global steel and foundry industries.\n \n Notes:\n \nThe share repurchase programme was approved by shareholders at the Company's Annual General Meeting on 4 June 2013. The share repurchase programme will be executed subject to the following conditions:\n \na) the maximum aggregate number of ordinary shares which will be repurchased will be 27,848,507 ordinary shares of 10 pence each;\n \nb) the minimum price which may be paid for each such ordinary share shall not be less than the nominal...