REG - Churchill China PLC - Transaction in Own Shares and Total Voting Rights
RNS Number : 9659IChurchill China PLC30 November 2018Churchill China plc
("Churchill China" or the "Company")
Transaction in Own Shares and Total Voting Rights
Churchill China announces that on 29 November 2018 it bought 1,500 ordinary shares of 10 pence each in the Company ('Ordinary Shares') at a price of 1,065 pence per Ordinary Share, to be held in Treasury.
The above share buyback was carried out using the authority received at the Company's Annual General Meeting held on 17 May 2018 to purchase up to 1,096,232 of its own Ordinary Shares.
The Company may purchase Ordinary Shares subject to the following parameters:
(i) the maximum aggregate number of Ordinary Shares authorised to be purchased under the shareholder authority is 1,096,232;
(ii) the minimum price which may be paid for an Ordinary Share, exclusive of all expenses, is be 10 pence; and
(iii) the maximum price which may be paid for an Ordinary Share, exclusive of all expenses, is an amount equal to 5% above the average of the middle market quotations for an Ordinary Share for the five business days immediately preceding the date on which such Ordinary Share is purchased.
Total voting rights
Following the above transaction the Company holds 74,922 Ordinary shares in Treasury and its share capital now consists of 11,030,172 Ordinary Shares. Therefore, the total number of voting rights is 10,955,250.
The figure of 10,955,250 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, Churchill China under the FCA's Disclosure and Transparency Rules
For further information, please contact:
Churchill China plc
David Taylor
Tel: 01782 577566
N+1 Singer
Richard Lindley
Tel: 0207 496 3000
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