Business
PURCHASES OF SHARES DURING OPEN PERIODS
PURCHASES OF SHARES DURING OPEN PERIODS.
About this update from Wh Smith Plc
[{"type":"text","content":"\n \nRNS Number : 0154X WH Smith PLC 15 February 2017 \n\nWH SMITH PLC - PURCHASES OF SHARES DURING OPEN PERIODS\n \nWH Smith PLC (the \"Company\") refers to the RNS announcement issued by it on 25 January 2017 in connection with the arrangement with Barclays Bank PLC, acting through its investment bank (\"Barclays\") allowing Barclays to purchase up to 11,190,243 ordinary shares in the Company during the open period of the Company arising between the date thereof and 28 February 2017. These share purchases will be made on the Company's behalf and in accordance with the arrangement.\n \nShare purchases effected pursuant to the arrangement are subject to the terms of the arrangement with Barclays and in any case will be effected in a manner consistent with both the general authority vested in the Company to repurchase shares and Chapter 12 of the United Kingdom Listing Rules, which require that the maximum price paid be limited to be no more than the higher of (i) 105 per cent of the average middle market closing price of the Company's ordinary shares for the five business days before the purchase is made, and (ii) the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out. The Company hereby announces that the aggregate purchase price under this arrangement will be increased from a total amount of £4.5 million to £8.5 million. \n \nThe sole purpose of these share purchases is to reduce the Company's share capital. \n \nFurther information on the Company can be found on our Internet site: www.whsmithplc.co.uk\n \nEnquiries:-\n \nWH Smith PLC\n Mark Boyle\n Investor Relations\n 020 7406 6320\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END POSUVRWRBVAUAAR\n ","length":2831,"tagName":"div"}]