Chesnara plc
17 October 2008
Share Buy-back Agreement
Chesnara plc ("Chesnara" or "the Company") announces that it has entered into
irrevocable and non-discretionary arrangements with Panmure Gordon to
repurchase on its behalf and within certain pre-set parameters, ordinary shares
in the Company during the period commencing 20 October 2008 and ending on 18
November 2008. This arrangement is in accordance with the Company's general
authority to repurchase shares.
To date, Chesnara has invested circa £1.3 million in purchasing 1,164,274 of
its shares at an average share price of 112.0. The Board has taken the decision
to conduct these purchases of the Company's own shares as a result of the low
level of the Company's share price.
Enquiries
Graham Kettleborough
Chief Executive, Chesnara plc 07799 407 519